Kudu Investment Management has acquired a minority stake in Escalate Capital Partners, a private credit and growth capital investment firm that targets fast-growth-stage companies in the software, services and healthcare industries. said a press release on Tuesday.
Financial terms were not disclosed, Kudu spokesman Richard Chimberg confirmed in an email.
Mr. Chimberg also said the deal closed on August 31 and that Kudu was a “minority strategic investor” in Escalate. He added that Kudu “will not be involved in the management of the business or investment strategies.”
Escalate is based in Austin, Texas, and was founded in 2005 by Tony Schell and Ross Cockrell, managing directors, with Chris Julich, the company’s third investment partner, who joined in 2008, according to the press release. .
Escalate has invested more than $1 billion in the US software, services and healthcare sectors and raised more than $850 million from institutional and individual investors, the statement added.
Kudu is a New York-based provider of “permanent capital solutions for independent asset and wealth managers worldwide,” the statement said.
Since 2018, Kudu has invested in 20 asset and wealth managers based in the US, Canada, UK and Australia. Kudu-affiliated asset and wealth managers who now collectively manage more than $67 billion on behalf of individual and institutional investors around the world in traditional and alternative strategies, Mr. Chimberg said.