NEW YORK, May 26, 2022 /PRNewswire/ — Kudu Investment ManagementLLC (Kudu), an independent provider of permanent capital solutions for asset and wealth managers worldwide, today announced that Massachusetts Mutual Life Insurance Company (MassMutual), a leader WE life insurance mutual, became a capital investor – joining White Mountains Insurance Group, Ltd. (NYSE:WTM).
Since 2018, New York-based in Kudu acquired minority stakes in 17 asset and wealth managers headquartered in the WE, Canada, UK, and Australia. From March 31, 2022asset and wealth managers affiliated with Kudu invest collectively $65 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies and market segments.
To date, Kudu has raised over $800 million in equity and loan capital. In 2021, Kudu closed a $350 million credit facility with Springfield, Massachusetts.based in MassMutual, a long-time investor in the investment management industry.
“We are delighted to strengthen our relationship with Kudu and support its continued growth with this new capital investment,” said Philippe Titolo, Head of Private Direct Investments for MassMutual. “Kudu’s management team has brought together a wide range of world-class asset and wealth managers, and we look forward to working with Kudu’s portfolio companies.”
“Kudu has delivered strong results since our initial investment in 2018,” said Manning Rountree, CEO of White Mountains. “We are delighted to continue to invest in Kudu and to welcome MassMutual as a partner in the business.”
“We are delighted to welcome MassMutual as an equity investor and pleased with the continued strong support of White Mountains as we grow our business globally,” said Kudu’s CEO. Rob Jakaki. “Kudu has completed four transactions in the past 12 months, and our pipeline of opportunities is filled with outstanding candidates for investment.”
MassMutual is a leading mutual life insurance company that is managed for the benefit of its members and participating policyholders. Founded in 1851, the company has always been driven by one constant goal: we help people secure their future and protect those they love. With a focus on long-term value creation, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.
About the White Mountains
White Mountains is a Bermuda-domiciled and publicly traded financial services holding company. New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM. Additional information is available at www.whitemountains.com.
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 supported by financial partners White Mountains Insurance Group, Ltd. (NYSE: WTM) and Mass Mutual. For more information, visit the Kudu website.
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THE SOURCE Kudu Investment Management, LLC