NEW YORK and BALA CYNWYD, Pa., January 10, 2022 /PRNewswire/ — Radcliffe Capital Management, LP (Radcliffe), an SEC-registered investment adviser specializing in defensive and opportunistic credit strategies, and Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions for asset and wealth managers worldwide worldwide, today announced that Kudu has acquired a minority stake in Radcliffe and its affiliates. Financial terms were not disclosed.
Based near philadelphia cream in Bala Cynwyd, Pennsylvania, Radcliffe was founded in 1996. Steve KatznelsonCFA, founding partner and chief investment officer, and Christopher Hinkeldirector of research, are the bosses of the firm, which manages more than $3.5 billion for institutional and high net worth clients worldwide.
Radcliffe’s Strategies include portfolios of short and ultra-short duration bonds, business development company (BDC) and special purpose acquisition company (SPAC) bonds, all defensive investment vehicles that seek to both attractive returns and capital protection.
“We are delighted to partner with Kudu, a passive and permanent capital provider with an excellent reputation and an impressive portfolio of partner companies,” said Katznelson. “Radcliffe has a strong global client base and specialized strategies. Kudu’s global perspective and support will help us cautiously expand our reach to institutions and wealthy families. »
“Our investment in Radcliffe represents a tremendous opportunity to diversify our portfolio,” said Rob Jakaki, CEO of Kudu. “We have long admired Radcliffe’s management team, a distinct defensive investment philosophy, a proven track record and a focus on measured growth.”
Kudu has now invested in 19 partner US-domiciled asset and wealth management firms, Canadathe UK and Australia, two of which are currently or previously managed for a third party. Asset and wealth managers affiliated with Kudu invest collectively US$84 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies, from September 30, 2021. Founded in 2015, Kudu has over US$650 million in capital commitments to date.
Piper Sandler & Co. served as financial advisor and Dechert LLP served as legal advisor to Radcliffe. Seward & Kissel LLP acted as legal counsel to Kudu.
About Radcliffe Capital Management
Radcliffe Group, Inc. was founded in 1996. Radcliffe Capital Management, LP is an SEC-registered investment adviser that manages over $3.5 billion through defensive credit and opportunistic strategies. Its clients include a cross section of institutions and high net worth individuals.
Since 25 years, Radcliffe has evolved its team, models, systems and risk controls to successfully invest in niche strategies by capitalizing on persistent and explainable structural inefficiencies in the market, where company executives want to invest heavily. For more information, visit Radcliffe’s website.
About Kudu Investment Management
Kudu provides long-term capital solutions, including generational ownership transfers, management buyouts, acquisition and growth financing, and liquidity for legacy partners, to asset and wealth managers across the whole world. Kudu was founded in 2015 and is backed by financial partner White Mountains Insurance Group, Ltd. (NYSE:WTM). For more information, visit the Kudu website.
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SOURCE Kudu Investment Management, LLC