Kudu Investment Management, a capital provider for asset and wealth management firms, made a minority investment in EJF Capital, both companies announced in a joint news release Wednesday.
Terms of the deal were not disclosed.
EJF is a global institutional alternative asset management firm focused on regulatory event-driven investing in financial companies and real estate; it had about $7.6 billion in assets under management as of June 30.
Kudu's investment in EJF will not affect the firm's day-to-day operations or its investment and decision-making processes, the news release said.
In addition, Neal Wilson, EJF's co-founder and chief operating officer, has been named the firm's co-CEO alongside CEO and fellow co-founder Manny Friedman.
Barclays Capital served as financial adviser and Fried Frank Harris Shriver & Jacobson served as legal adviser to EJF, while Seward & Kissel served as legal adviser to Kudu.