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Private Equity
breakwatermgmt.com

Investments

14

Portfolio Exits

2

Funds

1

About Breakwater Investment Management

Breakwater Investment Management is a private investment firm that specializes in direct debt and equity investments in lower middle-market growth businesses. The firm serves as General Partner of Breakwater Structured Growth Opportunities Fund, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund's investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.

Headquarters Location

1999 Avenue of the Stars Suite 3430

Los Angeles, California, 90067,

United States

424-777-4000

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Expert Collections containing Breakwater Investment Management

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Find Breakwater Investment Management in 1 Expert Collection, including Fitness Tech.

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Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Research containing Breakwater Investment Management

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CB Insights Intelligence Analysts have mentioned Breakwater Investment Management in 1 CB Insights research brief, most recently on Dec 9, 2021.

Latest Breakwater Investment Management News

Denim to the gym? P.E Nation and Ksubi join forces

Oct 2, 2022

It’s the thing that has been missing from our range, says activewear champion Pip Edwards of P.E Nation. Expect surprises. Share Pip Edwards started her career in fashion at Ksubi, back when it was spelt Tsubi. That was 23 years ago, and 17 years before she would go on to found P.E Nation with friend Claire Tregoning, fusing activewear with elements of streetwear and making it one of Australia’s leading fashion labels. Now, Edwards and Tregoning have gone back to where it all began, designing a limited-edition capsule collection with Ksubi, released this week. “It felt like a homecoming,” says Edwards. “But more than anything, it really did make sense – denim is the thing that has been missing from our range at P.E Nation, so adding it will be great for the customer.” We found there were gaps in both Ksubi and P.E Nation that we could address together. — Craig King, chief executive, Ksubi Ksubi is a markedly different business to the one at which Edwards began her career. Back then, it was run by enfant terrible surfers-turned-designers Gareth Moody, Dan Single, Paul Wilson and George Gorrow, and stole headlines for its scandalous runway shows (such as at Australian Fashion Week in 2001, when the designers released 200 rats on the catwalk). Craig King of Ksubi flanked by Claire Tregoning, left, and Pip Edwards of P.E Nation. Oscar Colman The original four sold the brand to Bleach Group in 2010 (four years after a legal stoush forced the name change) and for several years, Ksubi volleyed between one owner and another before landing with US-based Breakwater Investment Management in 2014. General Pants subsequently entered a joint venture with Breakwater, and Craig King, then CEO at General Pants, took on the brand, hoping to build it back to the heavyweight, design-forward label it once was. Part of the rebrand has been to increase Ksubi’s retail footprint (it opened in Miami this year) and to partner with other companies to diversify the inventory offering and audience – ranges with rapper Travis Scott and streetwear brand Kith were sellouts. “The best collaborations have an organic genesis,” says King, now Ksubi’s CEO. “There’s a lot of history between the three of us [King, Edwards and Tregoning], and we found there were gaps in both Ksubi and P.E Nation that we could address together.” The result is a 16-piece collection that mixes women’s, men’s and unisex styles, borrowing activewear details such as external zips and merging the two brands’ logos. It is hoped it will be the first of many collaborations for Ksubi and P.E Nation, which, like Ksubi, has partnered with other brands in the past. P.E Nation was the first Australian brand to produce a capsule collection for Swedish fast fashion retailer H&M, for example. “The whole ethos of P.E Nation is that we are about living an active lifestyle; that you can go from the gym to breakfast or wherever in our clothing,” says Tregoning. “But let’s face it, if you’re not wearing leggings nowadays, you’re wearing denim. We needed that, and now we have it. It’s the bow on our package.” Save

Breakwater Investment Management Investments

14 Investments

Breakwater Investment Management has made 14 investments. Their latest investment was in Matcon as part of their Private Equity on August 8, 2021.

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Breakwater Investment Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Private Equity

Matcon

Yes

2

11/28/2018

Private Equity

The Madera Group

$20.85M

Yes

2

6/15/2017

Loan

Hamilton Captive Management

Yes

1

6/2/2016

Series A

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$99M

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10

9/16/2015

Seed VC - II

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$99M

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10

Date

8/24/2021

11/28/2018

6/15/2017

6/2/2016

9/16/2015

Round

Private Equity

Private Equity

Loan

Series A

Seed VC - II

Company

Matcon

The Madera Group

Hamilton Captive Management

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Amount

$20.85M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

1

10

10

Breakwater Investment Management Portfolio Exits

2 Portfolio Exits

Breakwater Investment Management has 2 portfolio exits. Their latest portfolio exit was Loot Crate on August 12, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/12/2019

Asset Sale

$99M

1

8/29/2017

Acquired

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$99M

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10

Date

8/12/2019

8/29/2017

Exit

Asset Sale

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

Breakwater Investment Management Fund History

1 Fund History

Breakwater Investment Management has 1 fund, including Breakwater Credit Opportunities Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/26/2019

Breakwater Credit Opportunities Fund II

Private Debt (Other)

Open

$59.13M

2

Closing Date

6/26/2019

Fund

Breakwater Credit Opportunities Fund II

Fund Type

Private Debt (Other)

Status

Open

Amount

$59.13M

Sources

2

Breakwater Investment Management Team

2 Team Members

Breakwater Investment Management has 2 team members, including current Senior Vice President, Richard A Rowella.

Name

Work History

Title

Status

Richard A Rowella

Senior Vice President

Current

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Name

Richard A Rowella

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Work History

Title

Senior Vice President

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Status

Current

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