Kudu Investment Management, LLC, a capital solutions provider for asset wealth managers, has secured a minority stake in Radcliffe Capital Management, L.P., an SEC-registered investment adviser that specializes in defensive credit and opportunistic strategies. Financial terms were not disclosed.
Kudu manages over $650 million in capital commitments worldwide, providing long-term capital solutions such as generational ownership transfers, management buyouts, acquisition and growth finance and liquidity for legacy partners. Radcliffe manages more than $3.5 billion globally for institutional and high net worth clients. The acquisition will allow Kudu to diversify their portfolio while providing Radcliffe with expansion opportunities for its client base.
“We are excited to partner with Kudu, a provider of passive and permanent capital with an excellent reputation and impressive portfolio of partner firms,” said Steve Katznelson, CFA, founding partner and chief investment officer, Radcliffe. “Radcliffe has a strong global client base and specialized strategies. Kudu’s global perspective and support will help us prudently expand our reach to institutions and high-net-worth families.”
“Our investment in Radcliffe represents a terrific opportunity to diversify our portfolio,” said Rob Jakacki, CEO of Kudu. “We have long admired Radcliffe’s management team, distinct defensive investment philosophy, proven track record of performance, and focus on measured growth.”
Piper Sandler & Co. served as financial advisor and Dechert LLP was legal counsel to Radcliffe. Seward & Kissel LLP served as legal advisor to Kudu.