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B. G., Opalesque Geneva: Kudu has made a minority investment in Escalate Capital Partners. Financial terms were not disclosed.
Kudu Investment Management provides permanent capital solutions to independent asset and wealth managers, and Escalate Capital Partners is a private credit and equity investor in growing later-stage companies in the software, services, and healthcare sectors.
Escalate, founded in 2005 and based in Austin, Texas, has invested more than $1bn in the U.S. software, services, and healthcare sectors and has raised more than $850m from institutional and individual investors. The firm has invested in more than 100 companies, including Homeaway/VRBO, Phreesia, SailPoint, and Virtustream.
"Kudu's investment positions Escalate for continued long-term success," said co-founder Tony Schell. "Our strategy is to support management teams with funding that helps accelerate growth and is less dilutive than equity."
"Escalate has experience across numerous market cycles, has built a respected capital franchise in the technology community, and approaches the segment with a disciplined and consistent underwriting strategy," said Rob Jakacki, Kudu CEO.
Raymond James served as financial advisor, and Polsinelli was legal counsel to Escalate. Seward & Kissel LLP served as legal advisor to Kudu.
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