On December 13, 2023, Sage Advisory Services, Ltd. (Sage), an investment manager with more than $23 billion in client assets under management and advisement, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers worldwide, announced that Kudu has made a minority investment in Sage. Seward & Kissel was pleased to represent Kudu in connection with this investment management industry transaction.

New York-based Kudu provides long-term capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to asset and wealth managers globally. Based in Austin, Texas, Sage manages fixed income and global asset allocation strategies, structuring portfolios to meet the needs of institutional and individual investor clients.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”

The company’s press release describing the transaction is available here.

Related Attorneys

Danielle Lemberg

(212) 574-1661
lemberg@sewkis.com

Meir R. Grossman

(212) 574-1242
grossman@sewkis.com

James E. Abbott

(212) 574-1226
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Craig A. Sklar

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sklar@sewkis.com

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Gerhard Anderson

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