NEW
YORK and SAN FRANCISCO and
WASHINGTON, June 21,
2023 /PRNewswire/ -- Martis Capital Management, LLC
(Martis Capital), a healthcare-focused private equity firm, and
Kudu Investment Management, LLC (Kudu), a provider of permanent
capital solutions to independent asset and wealth managers
worldwide, today announced that Kudu has made a minority investment
in Martis Capital. Financial terms were not disclosed.
Martis Capital, based in San
Francisco and Washington,
DC, is a founder-friendly capital partner for healthcare
companies. Managing partners Barry
Uphoff, Mario Moreno, and
Owen Davis will continue to lead the
employee-owned and controlled firm.
Since 2011, Martis Capital has raised nearly $2.2 billion globally from a diverse group of
prominent institutional investors and family offices, strategic
partners, and healthcare entrepreneurs. It seeks to consistently
invest in growing middle-market companies across targeted segments
of the North American healthcare sector. The firm closed its fourth
fund, Martis Partners IV, LP, on June 6,
2023, with approximately $779
million in capital commitments, exceeding its target of
$700 million.
"The new partnership with Kudu is a significant step forward in
our firm's development, bringing a supportive team with broad asset
management industry expertise, a global network of relationships,
and potential access to capital for future growth," said Uphoff,
founder of Martis Capital.
Martis Capital invests in buyout and growth equity opportunities
in middle-market companies that provide innovative and
cost-effective products and services within the services and
outsourcing, information technology, and consumer and wellness
subsectors of the North American healthcare industry.
"Martis Capital has built an enviable track record," said
Charlie Ruffel, Kudu's chairman.
"It's difficult to overstate both the merits of the leadership team
and the depth of opportunity in front of them."
Since it was founded in 2015, New York-based Kudu has
invested in 24 asset and wealth managers headquartered in the
U.S., Canada, U.K., and Australia. Kudu-affiliated asset
and wealth managers now collectively invest approximately $74
billion, as of March 31, 2023, on behalf of individual and
institutional investors worldwide in traditional and alternative
strategies and market segments. Kudu's capital partners are White
Mountains Insurance Group, Ltd., Massachusetts Mutual Life
Insurance Company (MassMutual), and Martello Re.
Kirkland & Ellis LLP was legal counsel and Houlihan Lokey, Inc. was financial advisor to
Martis Capital. Seward & Kissel LLP served as legal advisor to
Kudu.
About Martis Capital
Based in San Francisco and Washington, DC, Martis Capital is a
founder-friendly capital partner for growth-oriented healthcare
companies. Martis Capital seeks to invest in companies that provide
innovative and cost-effective products and services within targeted
segments of the North American healthcare sector. Since 2011,
Martis Capital has raised nearly $2.2
billion from a global base of institutional clients. For
more information, visit Martis Capital or LinkedIn.
About Kudu Investment Management
Kudu provides
long-term capital solutions—including generational ownership
transfers, management buyouts, acquisition and growth finance, as
well as liquidity for legacy partners—to independent asset and
wealth managers globally. Kudu was founded in 2015 and is backed by
capital partners White Mountains Insurance Group, Ltd.
(NYSE: WTM), MassMutual, and Martello
Re. For more information, visit Kudu.
Media Contacts
Margaret Kirch Cohen/Richard Chimberg
Newton Park PR
+1 847-507-2229
+1 617-312-4281
margaret@newtonparkpr.com
rich@newtonparkpr.com
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SOURCE Kudu Investment Management, LLC