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Alternative Market Briefing

Hedge fund Radcliffe sells minority stake to Kudu

Tuesday, January 11, 2022

Laxman Pai, Opalesque Asia:

Radcliffe Capital Management, a $3.5 billion private credit hedge fund, sold a minority stake to Kudu Investment Management, a capital provider for asset and wealth management firms.

Terms of the deal and size of the minority stake are not being disclosed, said a press release from the 25-year-old boutique. Based near Philadelphia in Bala Cynwyd, Pennsylvania, Radcliffe was founded in 1996.

Steve Katznelson, CFA, founding partner and chief investment officer, and Christopher Hinkel, director of research, are principals of Radcliffe, SEC-registered investment adviser specializing in defensive credit and opportunistic strategies.

Radcliffe's strategies include short and ultra-short duration bonds, Business Development Company (BDC) bonds, and Special Purpose Acquisition Company (SPAC) portfolios-all defensive investment vehicles that seek both attractive returns and principal protection.

"We are excited to partner with Kudu, a provider of passive and permanent capital with an excellent reputation and impressive portfolio of partner firms," said Katznelson. "Radcliffe has a strong global client base and specialized strategies. Kudu's global perspective and support will help us prudently expand our reach to institutions and high-net-worth families."

"Our investment in Radcliffe represents a terrific opportunity to diversify our portfolio," said Rob Jakacki, CEO of Kudu. "We have long admired......................

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