January 19, 2023
Interval Fund Manager Variant Investments Adds Kudu Investment Management as Strategic Capital Partner
NEW YORK and PORTLAND, Ore., Jan. 19, 2023 /PRNewswire/ — Variant Investments, LLC (Variant), an SEC-registered alternative credit specialist and interval fund manager, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers worldwide, today announced that Kudu has made a minority investment in Variant. Financial terms were not disclosed. Portland, Ore.-based Variant remains employee-controlled and is led by Bob Elsasser, Curt Fintel, and J.B. Hayes, co-founders and principals. Variant manages more …
September 6, 2022
Growth Capital Provider Escalate Capital Partners Secures Investment From Kudu Investment Management
NEW YORK and AUSTIN, Texas, Sept. 6, 2022 /PRNewswire/ — Escalate Capital Partners (Escalate), a leading private credit and equity investor in growing later-stage companies in the software, services, and healthcare sectors, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers worldwide, today announced that Kudu has made a minority investment in Escalate. Financial terms were not disclosed. Austin-based Escalate was founded in 2005 by Tony Schell and Ross Cockrell, managing directors. Chris Julich, …
July 28, 2022
GenTrust Adds Kudu Investment Management as Strategic Investor
NEW YORK and MIAMI, July 28, 2022 – GenTrust, LLC (GenTrust), an employee-owned SEC-registered investment adviser, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers, today announced that Kudu has acquired a minority passive interest in GenTrust. Terms were not disclosed. Founded in 2011, GenTrust and its affiliates manage approximately $3 billion, providing customized investment and wealth advisory solutions to a global client base of …
June 9, 2022
Emerging Markets Specialist Gramercy Funds Management Adds Kudu Investment Management as Strategic Investor
GREENWICH, Conn. and NEW YORK, June 9, 2022 /PRNewswire/ — Gramercy Funds Management, LLC (Gramercy), a dedicated emerging markets investment firm, and Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers, today announced that Kudu has acquired a minority interest in Gramercy. The majority of the proceeds will be reinvested into Gramercy’s investment strategies, further aligning the firm with its limited partners. The terms of the transaction were not disclosed. Gramercy manages …
May 26, 2022
MassMutual Becomes Equity Investor in Kudu Investment Management
NEW YORK, May 26, 2022 – Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide, today announced that Massachusetts Mutual Life Insurance Company (MassMutual), a leading U.S. mutual life insurance company, has become an equity investor – joining White Mountains Insurance Group, Ltd. (NYSE: WTM). Since 2018, New York-based Kudu has acquired minority stakes in 17 asset and wealth managers headquartered in the U.S., Canada, …
January 10, 2022
Credit Specialist Radcliffe Capital Management Secures Minority Investment From Kudu Investment Management
NEW YORK and BALA CYNWYD, Pa., Jan. 10, 2022 – Radcliffe Capital Management, L.P. (Radcliffe), an SEC-registered investment adviser specializing in defensive credit and opportunistic strategies, and Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide, today announced that Kudu has acquired a minority stake in Radcliffe and its affiliates. Financial terms were not disclosed. Based near Philadelphia in Bala Cynwyd, Pennsylvania, Radcliffe was founded in …
November 16, 2021
Small Cap Specialist Granahan Investment Management Receives Minority Investment From Kudu Investment Management
NEW YORK and WALTHAM, Mass., Nov. 16, 2021 /PRNewswire/ — Granahan Investment Management, Inc. (GIM), a small cap equity investment boutique with $5.8 billion in assets under management, and Kudu Investment Management, LLC, a leading provider of permanent capital solutions to asset and wealth managers, today announced that Kudu has acquired a minority interest in GIM. Financial terms were not disclosed. As part of the new partnership, more than 75% of the equity in GIM will continue to be held by its …
September 15, 2021
Douglass Winthrop Advisors Secures Minority Investment from Kudu Investment Management
NEW YORK, Sept. 15, 2021 /PRNewswire/ — Douglass Winthrop Advisors, LLC (DWA), an SEC-registered investment advisor managing more than $4.8 billion in assets, is partnering with Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide. Under terms of an agreement reached on Sept. 13, Kudu has acquired a minority stake in DWA. Financial terms were not disclosed. Founded in 2000, DWA has 32 employees and offices in New York, Boston, Washington, D.C., and West Palm Beach. …
September 9, 2021
Leading Canadian Private Credit Firm Third Eye Capital Receives Significant Backing From Kudu Investment Management
TORONTO and NEW YORK, Sept. 9, 2021 – Third Eye Capital (Third Eye), a leading Canadian private credit firm, is partnering with Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide. Kudu is acquiring a minority stake in Third Eye and its affiliates. Terms were not disclosed. Through a unique combination of flexible capital and strategic and operational insights, Third Eye empowers growing companies that are …
March 31, 2021
Kudu Investment Management Closes New $300 Million Credit Facility With MassMutual
NEW YORK, March 31, 2021 /PRNewswire/ — Kudu Investment Management, LLC, (Kudu) a provider of permanent capital solutions to asset and wealth managers globally, today announced the closing of a $300 million credit facility with Massachusetts Mutual Life Insurance Company (MassMutual), a leading U.S. mutual life insurance company, to finance Kudu’s growth initiatives. New York-based Kudu, backed by capital partner White Mountains Insurance Group, Ltd. (NYSE: WTM), has deployed nearly $400 million since 2018, acquiring minority stakes in 13 asset and wealth …
November 18, 2020
Ranger Investment Management Consolidates Ownership Interest With Capital From Kudu Investment Management
FOR IMMEDIATE RELEASE Ranger Investment Management Consolidates Ownership Interest With Capital From Kudu Investment Management DALLAS, Nov. 18, 2020 – Ranger Investment Management, L.P. (Ranger Investments), a boutique manager specializing in small- and micro-cap U.S. growth strategies, today announced its management is acquiring a controlling interest in the firm previously held by Ranger Capital Group. Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers …
November 9, 2020
Channel Capital Undertakes Management Buyout Supported by Kudu Investment Management
NEW YORK and SYDNEY, Nov. 9, 2020 – Channel Capital Pty Ltd. (Channel), a leading Australian multi-affiliate investment management company servicing more than A$16 billion in assets, will undertake a management buyout from minority equity partner Highbury Partnership (Highbury), subject to customary approvals. New York-based Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers, is providing financing for the buyout and additional capital for the firm. Upon completion of …
July 7, 2020
Sequoia Financial Group Partners With Kudu Investment Management To Buttress Continued Growth
NEW YORK and AKRON, OHIO, July 7, 2020 – Sequoia Financial Group, LLC (Sequoia), a registered investment advisor with $4.7 billion in client assets, and Kudu Investment Management, LLC (Kudu), an independent provider of long-term capital solutions to asset and wealth managers worldwide, have announced that Kudu has made a strategic investment in Sequoia. Financial terms were not disclosed. Sequoia provides financial planning, asset management, family wealth and retirement planning services. The firm is majority-owned …
March 31, 2020
Kudu Makes Minority Investment in Private Equity Firm Creation Investments
NEW YORK and CHICAGO, March 31, 2020 – Kudu Investment Management, LLC, a New York-based provider of long-term capital solutions to asset and wealth managers worldwide, today announced it has made a strategic investment in Creation Investments Capital Management, LLC, a private equity firm specializing in impact investments. Financial terms of the transaction, which closed on March 30, were not disclosed. Chicago-based Creation is a leader in the use of private capital to support micro …
December 16, 2019
Pacific Current, Kudu Invest in Pennybacker Capital Management
AUSTIN, TEXAS, Dec. 16, 2019 — Pennybacker Capital Management, LLC (“Pennybacker”), a real estate private equity firm, has announced that Pacific Current Group Limited (ASX:PAC, “PAC”), and Kudu Investment Management, LLC (“Kudu”) have on an equal basis purchased a minority stake in Pennybacker. Pennybacker did not disclose terms. PAC is a multi-boutique asset management firm with offices in the Pacific Northwest and Australia. PAC invests permanent capital in boutique asset management firms that seek …
September 4, 2019
EJF Capital Receives Strategic Minority Investment From Kudu
Neal Wilson Named Co-Chief Executive Officer NEW YORK and ARLINGTON, Va., September 4, 2019 – EJF Capital LLC (“EJF”), a global alternative asset management firm focused on regulatory event driven themes across the financial and real estate sectors, today announced that Kudu Investment Management, LLC (“Kudu”), a New York-based independent provider of permanent capital solutions to asset and wealth managers worldwide, has made a strategic minority investment in EJF. Terms of the transaction were not …
July 29, 2019
Kudu Investment Management Acquires Minority Stake In Wealth Manager First Long Island Investors
NEW YORK, July 29, 2019 — Kudu Investment Management, LLC, a provider of permanent capital solutions to asset and wealth managers worldwide, has acquired a passive minority interest in Jericho, N.Y.-based First Long Island Investors, LLC which oversees approximately $1.6 billion in assets for high net worth individuals and families. Terms were not disclosed. First Long Island was co-founded in 1983 by Robert D. Rosenthal and Ralph F. Palleschi, prominent local entrepreneurs who earlier in …
New twist on private equity in RIA space: Silent minority ownership
Upstart Kudu Investment Management acquires piece of a second advisory firm InvestmentNews By Jeff Benjamin | July 29, 2019 – 1:58 pm EST Kudu Investment Management acquired a minority stake in First Long Island Investors in a deal that highlights a new twist on private-equity capital finding its way into the advisory space. The stake in the $1.6 billion RIA marks Kudu’s seventh minority investment and its second investment in a registered investment adviser. Unlike …
June 13, 2019
Asset Management Market Research Executive Quinn Keeler Joins Kudu Investment Management
NEW YORK, June 12, 2019 — Kudu Investment Management, LLC, a provider of permanent capital solutions to asset and wealth managers worldwide, today announced that Quinn Keeler has joined the firm as head of client experience, a new position. Keeler is responsible for supporting New York-based Kudu and its partner firms with market research and data analytics. Keeler brings more than 25 years of market research experience in the investment management industry to her new …
June 12, 2019
Learning And Talent Development For Asset Managers And Advisors
The555 asset management and financial advisory industries rely on employee skills to meet the needs of both individual and institutional clients. Team learning and talent development is, therefore, a critical task if firms hope to succeed in raising and retaining assets and meeting profitability targets. In this Q&A, Kudu Investment Management’s Lee Beck, Tracey Wik from GrowthPlay, and J.P. Morgan’s Anne Devlin and discuss the key challenges and opportunities posed by learning and talent development …
March 4, 2019
Kudu Announces Minority Investment In Versus, A Leading Real Assets Fund Manager
NEW YORK, March 4, 2019 /PRNewswire/ — Kudu Investment Management, LLC, a provider of capital solutions to the asset and wealth management industries, today announced it has made a minority investment in leading real assets investment manager Versus Capital Advisors, LLC, and affiliated entities (“Versus Capital”). Terms of the agreement were not disclosed. Greenwood Village, Colorado-based Versus Capital manages approximately $4 billion for investors in two primary strategies: the Versus Capital Multi-Manager Real Estate Income …
February 21, 2019
The Disruption in Asset Management Distribution: A Q&A discussion between Kudu Investment Management and Envestnet
The asset management industry, like so many of its counterparts, is going through severe disruption. Key to this change is distribution, and particularly the evolution from a sales-led to a marketing-led philosophy. Three catalysts are behind this shift; technology, client demands, and value pricing, with technology playing an outsized role. The biggest disruptor to our industry in the past 30 years has been technology, or more specifically Google, which has changed everything by providing transparency …
February 15, 2019
White Mountains Boosts Capital Commitment To Kudu
NEW YORK, Feb. 14, 2019 /PRNewswire/ — Kudu Investment Management, LLC, a leading provider of capital solutions to asset and wealth management firms, today announced that White Mountains Insurance Group, Ltd. (NYSE: WTM), a Bermuda-domiciled financial services holding company, has agreed to raise its commitment to Kudu to $250 million. White Mountains has agreed to acquire the interests previously held by funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and to assume Oaktree’s uncalled capital …
December 20, 2018
Kudu Invests in Leading European Alternative Credit Manager
New York and London, December 20, 2018 – Kudu Investment Management, LLC (“Kudu”), a provider of capital solutions to the asset management and wealth management industries, today announced that it has agreed to take a passive minority stake in leading London-based alternative credit manager Fair Oaks Capital Ltd., and various affiliates (“Fair Oaks”). The award-winning Fair Oaks, which manages approximately $2.4 billion, specializes in collateralized loan obligations (CLOs), investing in both US and European CLOs …
October 31, 2018
Kudu Takes Stake in Alternatives Manager to Fund Growth
NEW YORK–(BUSINESS WIRE)–TIG Advisors, LLC (“TIG”), a leading $3 billion alternative asset management company founded in 1980, which provides capital, comprehensive infrastructure support and management to investment teams, today announced that it has acquired a minority interest in Romspen Investment Corporation (“Romspen” or the “firm”), a premier alternative credit manager focused on North American real estate. The firm is the manager of funds with assets under management of CAD $2.5 billion, which provide first mortgage …
October 18, 2018
Kudu Investment Helps West Coast RIA Gain Independence
SAN FRANCISCO, Oct. 17, 2018 /PRNewswire/ — Bingham, Osborn & Scarborough, LLC (B|O|S), a leading Bay Area wealth advisory firm, announced today that it is buying back a majority ownership stake in the company from Boston Private Financial Holdings, Inc., a wealth management, trust and private banking company. After the transaction closes, B|O|S Principals and Founders will own approximately 68 percent of the company compared to their current ownership of approximately 38 percent. Kudu Investment …
August 16, 2018
Kudu Invests in Real Estate Fund Manager
NEW YORK (August 16, 2018) – Savanna, a New York City-based, vertically integrated real estate investment manager, owner/operator and developer, announced today that it has sold a passive, minority equity stake to TK Partners, a consortium of institutional investors led by Tunbridge Investment Partners. Tunbridge, an affiliate of real estate advisory firm Hodes Weill & Associates, focuses on making strategic, minority equity investments in real estate fund managers. TK Partners is capitalized, in part, with …
August 3, 2018
Kudu Closes $250 Million Investment
NEW YORK – Kudu Investment Management, LLC (“Kudu”), a leading capital provider to asset management and wealth management firms, announced today that it has closed a $250 million investment from funds managed by Oaktree Capital Management, L.P. (“Oaktree”), the global alternative investment management firm, and from White Mountains Insurance Group, Ltd. (NYSE: WTM) (“White Mountains”), the Bermuda-domiciled financial services holding company. Based in New York City, Kudu specializes in providing capital solutions to asset managers …