GREENWICH, Conn. and NEW YORK, June 9, 2022 /PRNewswire/ — Gramercy Funds Management, LLC (Gramercy), an investment firm dedicated to emerging markets, and Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions for asset and heritage, today announced that Kudu has acquired a minority stake in Gramercy. The majority of the proceeds will be reinvested in Gramercy’s investment strategies, further aligning the company with its limited partners. Terms of the transaction were not disclosed.
Gramercy manages approximately $5.4 billion for a global clientele in emerging markets strategies, including multi-asset, private credit, public credit and special situations. Founded in 1998 and based in Greenwich, Conn.Gramercy is run by Robert KoenigsbergerFounder, Managing Partner and Chief Investment Officer and Seaman Scott, Senior Partner and Chief Operating Officer. Its management committee is chaired by Mohamed El-Erian since 2020. The firm has offices in London, Buenos Aires and Mexico Cityand dedicated lending platforms in Brazil, Colombia, Mexico, Peru, Turkeyand pan-Africa.
“Kudu has proven itself as a cohesive and unwavering permanent capital partner,” Koenigsberger said. “This transaction will allow us to inject additional capital into our investment strategies as well as strengthen our balance sheet at a time that is convenient for the business and our investors. of our capital will work alongside theirs as we seek out a wider range of attractive investment opportunities.”
“Gramercy’s investment strategies are uniquely positioned in today’s era of heightened volatility and geopolitical tension, both contributing to continued growth and expanding opportunity,” El-Erian said. “Kudu’s significant and timely partnership will enhance what is already a leading emerging markets investment platform.”
Since 2018, New York-Kudu-based acquired minority stakes in 18 US-headquartered asset and wealth managers, CanadaUK and Australia. Asset and wealth managers affiliated with Kudu 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 over $800 million in equity and debt capital from White Mountains Insurance Group, Ltd. and Massachusetts Mutual Life Insurance Company (MassMutual).
“Kudu continues to seek specialist, high-quality active asset and wealth managers around the world, and we are delighted to add Gramercy’s market-leading team to our portfolio of partner firms,” said Kudu. CEO of Kudu. Rob Jakaki.
Piper Sandler & Co. served as financial advisor and Dechert LLP served as legal advisor to Gramercy. Seward & Kissel LLP acted as legal counsel to Kudu.
About Gramercy Funds Management
Gramercy is a dedicated emerging markets investment manager based in Greenwich, Conn.with offices at London, Buenos Aires and Mexico City. Founded in 1998, Gramercy serves a global institutional clientele and seeks to provide investors with superior risk-adjusted returns through a holistic approach to emerging markets supported by a transparent and robust institutional platform. Gramercy offers both alternative and long-only strategies on emerging market asset classes, including multi-asset, private credit, public credit and special situations. Gramercy is an SEC registered company and a signatory to the Principles for Responsible Investment (PRI). Gramercy Ltd, an affiliated company, is registered with the Financial Conduct Authority in London. For more information, visit www.gramercy.com
About Kudu Investment Management
Kudu provides long-term capital solutions, including generational ownership transfers, management buyouts, acquisition and growth financing, and liquidity for legacy partners, to asset and wealth managers across the whole world. Kudu was founded in 2015 and is backed by financial partners White Mountains Insurance Group, Ltd. (NYSE: WTM) and Mass Mutual. For more information, visit www.kuduinvestment.com
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SOURCE Kudu Investment Management, LLC