On October 31, 2018, Seward & Kissel client Kudu Investment Management, LLC announced it had acquired a stake in Seward & Kissel client TIG Advisors, LLC.
Kudu Investment Management, LLC (“Kudu”) will be providing TIG Advisors, LLC (“TIG”) with permanent and passive capital, along with initial growth capital to acquire interests in other strategies, allowing TIG to expand and diversify into new investment offerings. TIG acquired a minority interest in Romspen Investment Corporation as the first of such transactions. Further terms of the deal were not disclosed.
Kudu is a New York-based investment manager that specializes in minority equity investments in asset management firms, wealth management firms, and pooled investment vehicles in the United States and Canada.
TIG is a $3 billion alternative asset management company that provides capital, comprehensive infrastructure support and management to investment teams. Sandler O’Neill + Partners, L.P. acted as financial advisor to TIG.
To read the press release: please click here.