On July 28, 2022, GenTrust, LLC (GenTrust), an employee-owned SEC-registered investment adviser, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers, announced that Kudu has acquired a minority passive interest in GenTrust. Seward & Kissel was pleased to represent each of Kudu and GenTrust in connection with this investment management industry transaction.

New York-based Kudu provides long-term capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to asset and wealth managers globally. GenTrust is an SEC-registered investment adviser that provides a full range of wealth and asset management services. GenTrust along with its affiliates manages approximately $3 billion in assets for ultra-high-net-worth individuals, families, family offices and institutions, including sub advised relationships for other registered investment advisers.

Seward & Kissel LLP (sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”

The company’s press release describing this transaction is available here.