On January 10, 2022, Radcliffe Capital Management, L.P. (Radcliffe), an SEC-registered investment adviser specializing in defensive credit and opportunistic strategies, and Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide, announced that Kudu has acquired a minority stake in Radcliffe and its affiliates. Seward & Kissel is pleased to have represented Kudu in connection with this investment management industry transaction.
Founded in 1996, Radcliffe is an SEC registered investment adviser that manages more than $3.5 billion across defensive credit and opportunistic strategies. Its clients include a cross section of institutions and high-net-worth individuals. Founded in 2015, New York-based Kudu provides long-term capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to asset and wealth managers globally.
Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”
The company’s press release describing this transaction is available here.