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Laxman Pai, Opalesque Asia:

The alternative asset management firm LongWater Opportunities announced the launch of a new dedicated private credit and capital solutions strategy focused on the lower-middle market.

The lower middle market alternative asset manager said in a press release that to drive the strategy, LongWater has hired a team of eight seasoned and highly successful 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 group will be known as LongWater Private Credit and Capital Solutions and will continue to be headed by Kevin Prunty, who will serve as its Senior Managing Director, said the release.

Brooks Burgum, Co-Founder at LongWater, said: "We are pleased to launch our private credit and capital solutions strategy and to give our investors access to this best-in-class team of professionals. Kevin and the team possess deep expertise, strong industry relationships across the lower middle market, and a long history of success that will materially expand the breadth of investment products, capital solutions, and opportunities we provide to our investors. We are focused on delivering exceptional risk-adjusted returns for our investors and are excited to continue building on our success to date with this important diversification that enhances our overall value proposition."

The incoming team previously managed a portfolio of more ......................

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