SAN
FRANCISCO and NEW
YORK, Jan. 14, 2025 /PRNewswire/
-- Homestead Capital USA LLC
(Homestead), an asset manager focused on strategic investments in
U.S. farmland, and Kudu Investment Management, LLC (Kudu), a
provider of permanent capital solutions to asset and wealth
managers globally, today announced that Kudu has made a passive,
minority investment in Homestead. Financial terms were not
disclosed.
Founded in 2012, Homestead manages more than $1.6 billion in equity and credit assets for
pension plans, endowments, foundations, insurance companies, and
family offices. San
Francisco-based Homestead acquires and manages high-quality
farmland properties and is a lender to farmland operators. The firm
remains majority employee-owned and led by Daniel Little and Gabe
Santos, co-founders and co-CEOs.
"In Kudu we have found a partner who shares our conviction that
investing in a diversified platform of U.S. agricultural assets has
key benefits that appeal to a broad group of investors," Little
said.
Santos said, "As investors, operators and lenders, we see many
opportunities for growth. We have been looking for a partner with
similar values and, with Kudu's backing, we are well-positioned to
accelerate our investments across the agricultural asset
class."
"We are thrilled to partner with Dan, Gabe, and the Homestead
team—in our view they simply have no equal in farmland investment
management. And we believe that agricultural assets are poised
to grow as investors allocate additional funds to this vital real
assets market," said Charlie Ruffel,
Kudu's chairman and managing partner.
Homestead has 20 employees and operations in the Pacific,
Pacific Northwest, Mountain West, Delta and Midwest regions of
the United States. The firm
invests in high quality farmland across strategic regions, crops,
lease types, and farm operators and primarily works with small and
mid-sized farmers to help improve capacity and profitability.
Since it was founded in 2015, New York-based Kudu has made
investments in 30 asset and wealth managers in the
U.S., Canada, U.K., and Australia. Kudu's partner firms
now collectively invest approximately $128 billion, as
of Sept. 30, 2024, on behalf of individual and institutional
investors worldwide in traditional and alternative strategies and
market segments.
Holland & Knight was legal
counsel and Grace Strategic Consulting, LLC served as financial
advisor to Homestead. Seward & Kissel LLP served as legal
advisor to Kudu.
About Homestead Capital
Established in 2012, Homestead
acquires and manages high-quality farmland properties and is a
lender to farmland operators. Homestead focuses on acquisitions
with opportunities for value enhancement through capital
improvements, tailored farm management, economies of scale, crop
selection and rotation, and customized farm operating strategies.
For more information, visit www.homesteadcapital.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