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Gramercy is a dedicated emerging markets investment firm, and Kudu is an independent provider of permanent capital solutions to asset and wealth managers.

Gramercy manages approximately $5.4 billion for a global client base in emerging market strategies including multi-asset, private credit, public credit, and special situations. Founded in 1998 and based in Greenwich, Conn., Gramercy, founded in 1998, is led by Robert Koenigsberger, Founder, Managing Partner and Chief Investment Officer, and Scott Seaman, Senior Partner and Chief Operating Officer. Its management committee has been chaired by Mohamed El-Erian since 2020. The firm has offices in London, Buenos Aires, and Mexico City, and dedicated lending platforms in Brazil, Colombia, Mexico, Peru, Turkey, and pan-Africa.

"Kudu has an established track record as a supportive and steadfast permanent capital partner," Koenigsberger said. "This transaction will allow us to infuse additional capital into our investment strategies as well as bolster our balance sheet at an opportune time for the firm and our investors. In doing so, we strengthen our bond with limited partners as more of our capital will be working alongside theirs as we pursue a broader range of attractive investment opportunities."

"Gramercy's investment strategies are uniquely positioned in the current era of heightened volatility and geopolitical tension, both contributing to continued growth and expanding opportunities," El-Erian said. "Kudu's important and timely partnership will enhance what already is a leading emerging markets investment platform."

Since 2018, New York-based Kudu has acquired minority stakes in 18 asset and wealth managers headquartered in the U.S., Canada, U.K., and Australia. Kudu-affiliated asset and wealth managers now collectively invest more than $70 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies and market segments. To date, Kudu has raised more than $800 million in equity and debt capital from White Mountains Insurance Group, Ltd. and Massachusetts Mutual Life Insurance Company (MassMutual).

"Kudu continues to seek out specialized, high-quality active asset and wealth managers worldwide, and we're thrilled to add the market-leading Gramercy team to our portfolio of partner firms," said Kudu CEO Rob Jakacki.

Piper Sandler & Co. served as financial advisor and Dechert LLP was legal counsel to Gramercy. Seward & Kissel LLP served as legal advisor to Kudu.

Press release
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