Kudu Acquires Minority Stake in First Long Island Investors


August 5, 2019

On July 29, 2019, Kudu Investment Management, LLC announced it had acquired a minority stake in Seward & Kissel client First Long Island Investors, LLC.

Under the terms of the transaction, Kudu Investment Management, LLC (“Kudu”) will have a passive minority interest in First Long Island Investors, LLC (“First Long Island Investors”). Further terms of the deal were not disclosed. A Seward & Kissel team led by partners Craig Sklar, Gary Anderson and associates Dora Pulido, Warren Samlin and Maryanne Liu served as legal adviser to First Long Island Investors, and Sandler O’Neill & Partners, L.P. acted as financial advisor to First Long Island Investors in connection with the transaction.

Kudu is a New York-based investment advisor that provides permanent capital solutions to asset and wealth managers. Kudu’s partners include B|O|S, TIG Advisors, Versus Capital, Fair Oaks Capital and together they manage approximately $19 billion in AUM for both institutional and individual investors.

First Long Island Investors is a wealth management company based in Jericho, New York that specializes in counseling for high-net-worth individuals, families and select institutions in the preservation, growth, and administration of wealth. As of June 30, 2019, First Long Island Investors oversees approximately $1.6 billion in assets.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.