On June 9, 2022, Kudu Investment Management announced that it had acquired a minority interest in Gramercy Funds Management, LLC.
Under the terms of the transaction, Kudu Investment Management (“Kudu”) has acquired a minority equity interest in Gramercy Funds Management, LLC (“Gramercy”). A majority of Kudu’s stake will be reinvested into Gramercy’s investment strategies. Further terms were not disclosed.
Kudu based in New York, provides long term capital solutions to asset and wealth managers globally. Founded in 2015, Kudu is backed by capital partners White Mountains Insurance Group, Ltd. and MassMutual. Seward & Kissel partners John Ryan and Jon Brose, counsel Danielle Lemberg, associates Maria Rivera-Diaz, Nidhi Srivastava, Ashley Lin, Kevin Cassidy, Sean Flynn, Bryan Coe, and Winzell Steele, Jr., represented Kudu in connection with the transaction.
Gramercy, based in Greenwich, Connecticut, is an investment firm specializing in emerging markets. Gramercy has approximately $5.4 billion in assets under management. Piper Sandler & Co. served as Gramercy’s financial advisor on the transaction.
To read the press release: please click here.