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 caller servicing more than A $ 16 billion in assets, will undertake a management buyout from minority fairness collaborator Highbury Partnership ( Highbury ), subject to customary approvals .
New York-based Kudu Investment Management, LLC ( Kudu ), an freelancer provider of permanent capital solutions to asset and wealth managers, is providing financing for the buyout and extra capital for the fast. 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 commercial enterprise. fiscal terms were not disclosed .
Channel provides incubation, operations, distribution, market and creditworthy entity services to a choice group of investment management companies and their clients across the institutional, family office, high net worth and advisor-led investor space in Australia and New Zealand. Channel ’ mho subordinate, 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 following level of increase, 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 world ’ s largest pension markets, we jumped at the opportunity to support Channel in achieving its full potential, ” said Charles Ruffel, president and managing spouse of Kudu. “ Channel ’ mho leadership and potent focus on investor outcomes permeate the arrangement, and we look forward to a retentive and fruitful working relationship 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 creditworthy entity services to a limited arrange of funds managed or advised by its partner firms arsenic well as a choice group of institutions .
With Channel, Kudu will have 14 affiliated 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 das kapital 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 .
 
About Channel Capital
Channel provides incubation, distribution, operational and creditworthy entity services to a choose group of investment management firms and their clients across the institutional, family agency, high internet worth and advisor-led investor space. Channel ’ randomness subordinate entity, CIML, provides creditworthy entity services to a limit fix of funds. Channel presently services more than A $ 16 billion in client assets. Learn more here : hypertext transfer protocol : //www.channelcapital.com.au .
About Kudu Investment Management
Kudu provides long-run das kapital solutions—including generational ownership transfers, management buyouts, learning and growth finance, vitamin a well as fluidity for bequest partners—to asset and wealth managers. Kudu was founded in 2015 and is backed by das kapital collaborator 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 Chimberg
CL-Media Relations, LLC
thousand : +1 617-312-4281

rich @ cl-media.com

CC K release 11.9.20 FINAL4

Leave a Comment

Your email address will not be published.