Gramercy Funds Management LLC
Transaction Summary
On June 9th, 2022, Kudu, a U.S.-based permanent capital solutions provider to asset and wealth managers, announced its $52.5M investment of growth capital in Gramercy for a minority stake in the Company. The transaction consideration/structure was not publicly disclosed.
Gramercy Funds Management, LLC
Established in 1998 and headquartered in Greenwich, Connecticut, Gramercy Funds Management, LLC ("Gramercy"), is a premier global asset management firm with $5.4B of AUM as of June 30, 2022 for a global client base in emerging market strategies, including multi-asset, private credit, public credit, and special situations. The Company has 60 employees, including 28 investment professionals. Gramercy has three distinct investment verticals: public credit, capital solutions (private credit), and special situations, and multi-asset strategies invest across the three investment verticals. Gramercy’s client base included various blue chip institutional investors across the U.S., Europe, and the Middle East.
Kudu Investment Management
Kudu Investment Management ("Kudu") provides asset and wealth managers worldwide with permanent capital solutions tailored to their specific needs, including: ownership transfer, partner liquidity, management buyouts, and acquisition/growth finance. Kudu also offers a range of business services to help its partners expand while remaining independent.
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 $70B as of June 30, 2022 on behalf of individual and institutional investors worldwide in traditional and alternative strategies and market segments. To date, Kudu has raised more than $800M in equity and debt capital from White Mountains Insurance Group, Ltd. and Massachusetts Mutual Life Insurance Company (MassMutual).
