SAUSALITO, Calif. and NEW YORK, Oct. 22,
2024 /PRNewswire/ -- Revelation Partners
(Revelation), a leading investment manager in the healthcare
secondaries market, 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 Revelation. Financial terms were not
disclosed.
Sausalito, California-based
Revelation manages more than $1.5
billion of committed capital and provides liquidity and
growth capital to investors, companies, limited partners and
general partners across the private healthcare market.
Revelation remains employee-owned and controlled, and the firm
continues to be led by co-founders and managing partners
Mike Boggs and Scott Halsted.
"We have seen record deal flow over the last couple of years,
and Revelation is experiencing strong demand for our strategy of
providing liquidity to the illiquid market of private healthcare
companies," said Boggs. "We are excited to partner with Kudu, which
has the capital and experience to help us continue to optimize our
large opportunity set."
"Partnering with Kudu will allow Revelation to continue to grow
and add the resources and human capital necessary to reinforce the
brand we have built in healthcare over the last decade," added
Halsted.
"We are delighted to support Mike and Scott and their team.
Secondaries investing is an exciting and evolving area, and
Revelation has built an impressive franchise in the space," said
Rob Jakacki, Kudu's CEO.
Since it was founded in 2015, New York-based Kudu has
invested in 28 asset and wealth managers headquartered in the
U.S., Canada, U.K., and Australia. Kudu's partner firms
now collectively invest approximately $129 billion, as
of June 30, 2024, on behalf of individual and institutional
investors worldwide in traditional and alternative strategies and
market segments.
Kirkland & Ellis LLP was legal counsel and Piper Sandler was financial advisor to
Revelation Partners. Seward & Kissel LLP served as legal
advisor to Kudu.
About Revelation Partners
Revelation Partners provides
flexible capital solutions to the healthcare ecosystem. The firm's
long-term approach allows it to address the issues faced by a wide
range of stakeholders, including company founders, management teams
and investors. Its customized solutions provide liquidity, align
shareholders, and support the growth of privately held healthcare
companies. For more information, visit
www.revelation-partners.com.
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) and MassMutual. For more information, visit
www.kuduinvestment.com.
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