Channel Capital Undertakes Management Buyout Supported by Kudu Investment Management – Kudu Investment Management

NEW YORK and SYDNEY, Nov. 9, 2020 – Channel Capital Pty Ltd. ( Channel ), a leading australian multi-affiliate investment management company servicing more than A $ 16 billion in assets, will undertake a management buyout from minority equity partner Highbury Partnership ( Highbury ), subject to accustomed approvals .
New York-based Kudu Investment Management, LLC ( Kudu ), an autonomous supplier of permanent wave capital solutions to asset and wealth managers, is providing financing for the buyout and extra capital for the firm. Upon completion of the transaction, expected in November, Channel ’ mho employee shareholders will control a greater share of the diversified investment management group. Kudu will own a passive, minority parcel in the commercial enterprise. fiscal terms were not disclosed .
Channel provides brooding, operations, distribution, market and responsible entity services to a blue-ribbon group of investment management companies and their clients across the institutional, family office, high net income worth and advisor-led investor space in Australia and New Zealand. Channel ’ randomness auxiliary, Channel Investment Management Limited ( CIML ), is licensed as a responsible entity in Australia, enabling it to act as both trustee and director .
“ While the occupation has prospered in partnership with Highbury, we ’ ve reached the future level of growth, requiring a renewed strategy to both consolidate and capitalize on what we ’ ve built, ” said Glen Holding, Channel ’ s co-founder and managing director. “ Partnering with Kudu will greatly enhance our ability to pursue larger emergence opportunities both within and outside of Australia. ”

“ As our first transaction in Australia, one of the global ’ sulfur largest pension markets, we jumped at the find to support Channel in achieving its wax likely, ” said Charles Ruffel, chair and managing partner of Kudu. “ Channel ’ sulfur leadership and solid concenter 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 auxiliary CIML provides responsible entity services to a specify set of funds managed or advised by its partner firms american samoa well as a choice 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 alternative 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 ship’s company .
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 .
 
About Channel Capital
Channel provides brooding, distribution, operational and responsible entity services to a blue-ribbon group of investment management firms and their clients across the institutional, family agency, high net worth and advisor-led investor space. Channel ’ randomness auxiliary entity, CIML, provides creditworthy entity services to a specify put 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 possession transfers, management buyouts, skill and increase finance, equally well as liquid 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 chew the fat Kudu ’ s web site .

Media Contacts

For Channel Capital:
Angela Dovitsas

megabyte : +61 417 277 683
angela.dovitsas @ chanelcapital.com.au

For Kudu:
Sarah Lazarus
CL-Media Relations, LLC
megabyte : +1 617-335-7823
sarah @ cl-media.com

rich people Chimberg
CL-Media Relations, LLC
megabyte : +1 617-312-4281

rich @ cl-media.com

CC K release 11.9.20 FINAL4

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