NEW YORK and CHICAGO, March 31,
2020 /PRNewswire/ -- Kudu Investment Management, LLC,
a New York-based provider of long-term capital solutions to
asset and wealth managers worldwide, today announced it has
made a strategic investment in Creation Investments Capital
Management, LLC, a private equity firm specializing in impact
investments. Financial terms of the transaction, which closed on
March 30, were not disclosed.
Chicago-based Creation is a
leader in the use of private capital to support micro lending,
small- and medium-enterprise credit and other financial services in
developing markets where access to capital is limited. The firm is
aligned with the United Nations Sustainable Development Goals that
aim to significantly affect those living at the bottom of the
economic pyramid.
As of Dec. 31, 2019, Creation
managed $707 million in private funds
and other vehicles on behalf of individuals, family offices
and institutional investors. Its portfolio companies directly serve
more than 21 million micro and small businesses, with $13.6 billion in loans outstanding, and support
more than 8.3 million jobs in the developing world.
"Our mission is to promote financial inclusion efforts in the
developing world working alongside our portfolio companies on
behalf of our investors," said Patrick
Fisher, founder and managing partner of Creation
Investments. "In Kudu, our team has found a supportive strategic
partner to help us accelerate our growth."
"We are pleased to partner with Creation to help enhance the
next phase of the firm's growth," said Rob
Jakacki, Kudu's CEO. "Patrick and his talented team have
demonstrated an exceptional ability to drive impact investments
while also delivering strong financial returns to investors."
Kudu's 12 partner firms, including Creation, employ multiple
investment strategies across asset and wealth management.
PL Advisors, through its relationship with M&A Securities
Group, an unaffiliated broker dealer, served as financial
advisor, and Mayer Brown LLP served as legal advisor to Creation.
Seward & Kissel LLP served as legal advisor to Kudu.
About Creation Investments
Creation Investments Capital Management, LLC is a leading impact
investment management company dedicated to private equity
investments in the financial services industry. Leveraging its deep
industry experience, Creation partners with management teams to
inject growth equity and facilitate buyout transactions in firms
specializing in microfinance, small- and medium-enterprise credit,
leasing, factoring, insurance, savings, payments and mobile money.
www.creationinvestments.com.
About Kudu Investment Management
Kudu is an independent firm specializing in providing permanent
capital solutions—including generational ownership transfers,
management buyouts, acquisition and growth finance, as well as
liquidity for legacy partners—to asset and wealth managers. Kudu is
backed by capital partner White Mountains Insurance Group, Ltd.
(NYSE: WTM). For more information, please visit Kudu's website.
View original
content:http://www.prnewswire.com/news-releases/kudu-makes-minority-investment-in-private-equity-firm-creation-investments-301032560.html
SOURCE Kudu Investment Management, LLC