On January 19, 2023, Seward & Kissel client Kudu Investment Management, LLC announced that it had acquired a minority stake in Variant Investments, LLC.
Under the terms of the transaction, Kudu Investment Management, LLC (“Kudu”) acquired a passive minority interest in Variant Investments, LLC (“Variant”). Seward & Kissel served as counsel to Kudu, with a team comprised of Partner Anne Patin, Counsel Danielle Lemberg, Michael O’Brien and Lancelot King and associates Brett Cotler, Elyse Moy, Jeffrey Dorman, Stephen Marks, and Seth Kuntz. Financial terms were not disclosed.
Kudu, based in New York City, 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, the United Kingdom, Australia and Canada. Kudu's other partner firms include GenTrust, Escalate Capital, Gramercy and Fair Oaks Capital.
Variant, based in Portland, Oregon, is a registered alternative credit manager with over $2.3 billion in assets under management.
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