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New Deal


Announced

Kudu Investment Management makes minority investment In Fair Oaks Capital.

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Acquisition

Minority

Debt Funds

Pending

alternative credit manager

investments

Friendly

Private Equity

Private

United Kingdom

Single Bidder

Synopsis

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Kudu Investment Management, LLC, a provider of capital solutions to the asset management and wealth management industries, today announced that it has agreed to take a passive minority stake in leading London-based alternative credit manager Fair Oaks Capital Ltd., and various affiliates. The award-winning Fair Oaks, which manages approximately $2.4 billion, specializes in collateralized loan obligations, investing in both US and European CLOs as well as direct investment in bank loans. Terms of the agreement were not disclosed. In partnering with Kudu, Fair Oaks sought to diversify its capital base, while also enabling the founders to reinvest in their strategies thereby enhancing alignment with the firm's clients. "We are delighted to be partnering with Fair Oaks. The extremely talented and creative leadership team has built one of the most respected independent alternative credit managers in a relatively short amount of time," said Rob Jakacki, CEO of Kudu. "We are excited to support the firm's ongoing growth."

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