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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......................

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