LongWater Opportunities, LLC (LongWater), a lower middle market alternative asset manager, has launched a new dedicated private credit and capital solutions strategy focused on the lower-middle market.
To drive the strategy, LongWater has hired a team of eight private investment professionals who previously led and managed the Private Debt and Equity Group of Reinsurance Group of America (RGA), a global reinsurance company.
The incoming team previously managed a portfolio of more than $4 billion in assets in a multi-faceted, complementary strategy, including direct credit and equity co-investment commitments as well as primary LP capital commitments to lower-middle market buyout firms. It will be led by Kevin Prunty, who will serve as its Senior Managing Director.
LongWater has offices in Fargo, ND, Dallas, TX and St. Louis, MO.
