New York-based Kudu Investment Management, LLC ( Kudu ), an freelancer supplier of permanent capital solutions to asset and wealth managers, is providing financing for the buyout and extra das kapital for the firm. Upon completion of the transaction, expected in November, Channel ‘s employee shareholders will control a greater share of the diversify investment management group. Kudu will own a passive voice, minority share in the business. fiscal terms were not disclosed .
Channel provides incubation, operations, distribution, market and responsible entity services to a choose group of investment management companies and their clients across the institutional, class function, high net worth and advisor-led investor outer space in Australia and New Zealand. Channel ‘s auxiliary, Channel Investment Management Limited ( CIML ), is licensed as a responsible entity in Australia, enabling it to act as both regent and director .
“ While the business has prospered in partnership with Highbury, we ‘ve reached the adjacent floor of growth, requiring a renewed scheme to both consolidate and capitalize on what we ‘ve built, ” said Glen Holding, Channel ‘s co-founder and managing film director. “ Partnering with Kudu will greatly enhance our ability to pursue larger increase opportunities both within and outside of Australia. ”
“ As our first transaction in Australia, one of the world ‘s largest pension markets, we jumped at the opportunity to support Channel in achieving its full likely, ” said Charles Ruffel, president and managing partner of Kudu. “ Channel ‘s leadership and solid focus on investor outcomes permeate the organization, and we look forward to a long and fruitful working kinship in Australia and globally. ”
Established in 2013, Channel has 27 employees across Sydney, Brisbane and Melbourne. Channel presently partners with eight investment management firms. Channel subsidiary company CIML provides responsible entity services to a specify set of funds managed or advised by its partner firms angstrom well as a blue-ribbon group of institutions .
With Channel, Kudu will have 14 consort firms that jointly manage or advise approximately US $ 75 billion on behalf of individual and institutional investors worldwide in traditional and option strategies, as of Sept. 30, 2020. Kudu, with US $ 475 million in capital commitments to date, is backed by White Mountains Insurance Group, Ltd. ( NYSE : WTM ), a fiscal services holding caller .
Berkshire Global Advisors served as fiscal adviser and Hall and Wilcox served as legal adviser to Channel. Minter Ellison served as legal adviser to Kudu.
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About Channel Capital
Channel provides incubation, distribution, functional and responsible entity services to a choice group of investment management firms and their clients across the institutional, class office, high web worth and advisor-led investor space. Channel ‘s auxiliary entity, CIML, provides responsible entity services to a limited set of funds. Channel presently services more than A $ 16 billion in customer assets. Learn more here : hypertext transfer protocol : //www.channelcapital.com.au .
About Kudu Investment Management
Kudu provides long-run capital solutions—including generational ownership transfers, management buyouts, skill and growth finance, vitamin a well as liquidity for bequest partners—to asset and wealth managers. Kudu was founded in 2015 and is backed by capital partner White Mountains Insurance Group, Ltd. ( NYSE : WTM ). For more information, please visit Kudu ‘s web site .
SOURCE Kudu Investment Management, LLC