Innovative reinsurance broker Augment has received up to $US100 million ($146million) in funding from Altamont Capital Partners. 

A risk capital and reinsurance solutions broker, Augment is focused on designing and placing bespoke protections for a variety of clients. 

Augment says with global reach and scale, it creates solutions not only across geographies but also across product lines, leveraging multiple strategies designed to work in lockstep. 

Augment MD Alex Kazanjian says a holistic approach by broking the entire client, rather than any single class of business, could unlock unprecedented growth opportunities. 

“Focusing on establishing long term relationships with our clients, rather than on their product, enables us to deliver the creative approaches today’s market needs.” 

Altamont Managing Director Sam Gaynor says Augment’s strategy is a perfect match for Altamont’s insurance investing focus. 

“They’ve identified a clear market need to help their P&C customers address the most complex risk capital challenges in the most efficient manner, and we’re excited to lend platform-formation capabilities to form a brokerage firm perfectly suited to today’s market dynamics.” 

California based Altamont Capital Partners is a private equity firm with more than $US4.3billion ($6.29billion) of capital under management. 

Its focus is on making long term, controlled investments in middle market businesses.