Wed, Jan 29, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Kudu Investment Management takes a stake in alternatives manager EJF Capital

Thursday, September 05, 2019

Laxman Pai, Opalesque Asia:

New York-based Kudu Investment Management, a capital provider for asset and wealth management firms, made a minority investment in EJF Capital, an alternative investment firm that manages billions of dollars across private equity, real estate, and hedge fund strategies.

Terms of the deal were not disclosed. EJF is focused on regulatory event-driven investing in financial companies and real estate; it had about $7.6 billion in assets under management as of June 30.

The investment by Kudu, a firm with a passive, patient capital model, will not impact the day-to-day operations of EJF, and the firm's investment and decision-making processes will remain the same. EJF intends to use the proceeds as strategic growth capital to invest in its existing and future funds and securitization vehicles.

"Kudu has significant experience investing in specialized investment managers and we welcome them as a long-term strategic partner," said EJF co-founders Manny Friedman and Neal Wilson. "This investment provides EJF with permanent capital that will strengthen our business and bolster our ability to build and scale our global platform over time."

"We are thrilled to support EJF, a firm distinguished by its talented team led by Manny and Neal, creative investment approach and strong track record of performance," said Rob Jakacki, Kudu's CEO. "Our investment will help EJF expand its global investment of......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Private equity firms are struggling to recruit and retain young talent, AI startup funding hit new high of $26.6bn in 2019, Abu Dhabi invests $16.3m in new batch of innovation-focused startups[more]

    Private equity firms are struggling to recruit and retain young talent From Institutional Investor: Private equity executives at firms of all sizes are trying to figure out how to better attract and retain younger staff, resorting to tactics such as offering free lunches and relaxing thei

  2. New Launches: GoldPoint Partners closes $678m Select Manager Fund, Two Sigma raises nearly $300m for new venture capital fund, Russia to set up $9.6bn infrastructure fund - RDIF's Dmitriev, Axa IM fund taps into Chinese equities, ArcTern Ventures raises $200m cleantech fund, Canapi Ventures launches first $545m fintech venture funds, Private equity firm Goldner Hawn raises $289m for new fund[more]

    GoldPoint Partners closes $678m Select Manager Fund Opalesque Industry Update - GoldPoint Partners announced the successful closing of its fourth fund-of-funds, GoldPoint Partners Select Manager Fund IV, L.P. The Fund closed on $678 million of commitments, a 150 percent increase from its

  3. TCA credit hedge fund shuts amid SEC probe; Investors seek exit, Whistleblowers say Florida investment firm has inflated value, earnings of its main fund[more]

    TCA credit hedge fund shuts amid SEC probe; Investors seek exit From Bloomberg: Florida-based investment firm TCA Fund Management Group Corp. is shutting its main credit hedge fund after the Securities and Exchange Commission probed its accounting and customers moved to withdraw their mon

  4. Investing: JPMorgan takes contrarian view of energy stocks, How Extinction Rebellion's British hedge fund backer profits from 'dirty' firms, Value investing's time is coming again soon[more]

    JPMorgan takes contrarian view of energy stocks From Institutional Investor: JPMorgan Chase & Co.'s asset management group sees investment opportunity in beaten-down energy stocks, a contrarian view as it looks beyond the sector's reputation for "poor capital discipline." "Our portfo

  5. Europe: UK Universities Superannuation to give DC plan access to private markets, Active management drives Industriens Pension's 12% 2019 return[more]

    UK Universities Superannuation to give DC plan access to private markets From CIO: The £68 billion ($88.9 billion) Universities Superannuation Scheme (USS), the UK's largest private pension, will begin allowing members of its defined contribution funds to invest in private market as