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B. G., Opalesque Geneva: Kudu Investment Management, LLC has made a minority investment in Variant Investments, LLC. Kudu is a provider of permanent capital solutions to independent asset and wealth managers worldwide, and Variant is an SEC-registered alternative credit specialist and interval fund manager that manages more than $2.3bn for RIA clients. Financial terms were not disclosed.
Variant, headquartered in Portland and established in 2017, remains employee-controlled and is led by co-founders Bob Elsasser, Curt Fintel, and J.B. Hayes. The firm invests in uncorrelated income-generating assets in niche private markets and offers its strategies to investors through institutional closed-end interval funds.
The $2.3bn Variant Alternative Income Fund (NICHX) was launched in October 2017 and invests in specialty finance, litigation finance, royalties, and other income-generating opportunities outside the investment mainstream. The $23m Variant Impact Fund (IMPCX) was introduced in November 2021 and seeks to provide a high level of current income. It works in line with the UN Sustainable Development Goals.
Since it was founded in 2015, New York-based Kudu has invested in 23 asset and wealth managers headquartered in the U.S., Canada, the U.K., and Australia. Kudu-affiliated a...................... To view our full article Click here
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