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January 11, 2022

Kudu Investment Management picks minority stake in credit specialist Radcliffe

By Verdict Staff

Kudu Investment Management, a provider of capital solutions to asset and wealth managers, has acquired a minority holding in credit specialist Radcliffe Capital Management and its affiliates.

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Financial terms of the deal were not disclosed.

Founded in 1996, Pennsylvania-based Radcliffe specialises in defensive credit and opportunistic strategies. The firm manages $3.5bn on behalf of its institutional and high-net-worth (HNW) customers worldwide.

Its strategies comprise Special Purpose Acquisition Company (SPAC) portfolios and Business Development Company (BDC) bond, and short and ultra-short duration bond.

Commenting on the deal, Radcliffe founding partner and CIO Steve Katznelson said: “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.”

Kudu CEO Rob Jakacki added: “Our investment in Radcliffe represents a terrific opportunity to diversify our portfolio.

“We have long admired Radcliffe’s management team, distinct defensive investment philosophy, proven track record of performance, and focus on measured growth.”

To date, Kudu invested in 19 asset and wealth management partner firms domiciled in the US, Canada, the UK and Australia.

These include the firm’s strategic investment in Sequoia Financial Group last year and a minority investment in impact investing manager Creation Investments Capital Management in April 2020.

As of 30 September 2021, Kudu-affiliated asset and wealth managers collectively invested $84bn for its individual and institutional investors globally.

Established in 2015, Kudu focuses on providing long-term capital solutions, including management buyouts, generational ownership transfers, acquisition and growth finance, and liquidity for legacy partners, to asset and wealth managers around the globe.

The firm currently manages more than $650m in capital commitments.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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