On January 10, 2022, Seward & Kissel client Kudu Investment Management, LLC announced it had acquired a minority stake in Radcliffe Capital Management, L.P.
Under the terms of the transaction, Kudu Investment Management, LLC (“Kudu”) acquired a minority interest in Radcliffe Capital Management, L.P. (“Radcliffe”). Terms of the deal were not disclosed. Seward & Kissel partners Jim Abbott, Jonathan Brose and Anne Patin, counsel Danielle Lemberg, and associates Maria Rivera-Diaz and Brett Cotler represented Kudu in connection with the transaction.
Kudu, based in New York, is a registered investment adviser specializing in minority equity investments in asset management firms, wealth management firms, and pooled investment vehicles in the United States, United Kingdom, and Canada. As of September 30, 2021, Kudu-affiliated managers collectively invested $84 billion for investors globally.
Radcliffe, based in Bala Cynwyd, Pennsylvania, is a registered investment adviser serving both institutional clients and high-net-worth individuals. Radcliffe has over $3.5 billion in assets under management. Piper Sandler & Co. acted as financial advisor to Radcliffe on the transaction.
To read the press release: please click here.