Breakaway Capital Partners, a Los Angeles-based direct lending firm, closed its second fund at $100m.
Breakaway Capital Partners Fund II, L.P., was oversubscribed from family offices and individuals.
Led by Warren Woo, Managing Partner, and Mike Connolly, Founding Partner, Breakaway Capital is a middle market direct lender, focused on companies generating up to $10m of EBITDA.
It targets investments of $5m to $20m of debt capital in businesses with attractive business models and steady cash flow providing creative debt financing solutions including senior debt, mezzanine debt, and unitranche structures for leveraged buyouts, acquisitions, recapitalizations, restructurings and growth capital for both sponsored and non-sponsored transactions.
Current investments include Art Brand Studios (Thomas Kinkade Company), Wave Technology Solutions Group, IC Real Tech, PM Pediatrics Management Group, SureFire, and Galaxy Gaming.