Kudu Investment Management acquired a minority stake in Escalate Capital Partners, a private credit and growth equity investment firm that targets rapidly growing later-stage companies within the software, services and health-care sectors, said a news release Tuesday.
Financial terms were not disclosed, Kudu spokesman Richard Chimberg confirmed in an email.
Mr. Chimberg also said the transaction closed Aug. 31 and that Kudu is a "strategic, minority investor" in Escalate. He added that Kudu "will not be involved in managing the firm or the 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 firm's third investment partner, joining in 2008, the news release said.
Escalate has invested more than $1 billion in the U.S. software, services and health-care sectors and has raised more than $850 million from institutional and individual investors, the release added.
Kudu is a New York-based provider of "permanent capital solutions to independent asset and wealth managers worldwide," the release said.
Since 2018, Kudu has invested in 20 asset and wealth managers based in the U.S., Canada, U.K. and Australia. Kudu-affiliated asset and wealth managers that now collectively manage more than $67 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies, Mr. Chimberg said.
