Kudu Investment Management has acquired a passive, minority stake in Homestead Capital USA, an asset manager that acquires and manages U.S. farmland properties and is also a lender to farmland operators.
Financial terms of the transaction were not disclosed, said a Jan. 14 news release.
Homestead remains majority employee-owned and led by Daniel Little and Gabe Santos, the company’s co-founders and co-CEOs.
Founded in 2012, San Francisco-based Homestead manages more than $1.6 billion in equity and credit assets for pension plans, endowments, foundations, insurance companies and family offices.
“Investing in a diversified platform of U.S. agricultural assets has key benefits that appeal to a broad group of investors," Little said in the release.
Charlie Ruffel, Kudu's chairman and managing partner, stated in the release that his firm believed that agricultural assets are "poised to grow as investors allocate additional funds to this vital real assets market.”
Since it was founded in 2015, Kudu has made investments in 30 asset and wealth managers in the U.S., Canada, the U.K. and Australia.
Kudu's partner firms now collectively invest approximately $128 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies and market segments.