Seward & Kissel represented GenTrust, LLC (“GenTrust”) in connection with its sale to Kudu Investment Management, LLC (“Kudu”) of a minority passive interest in GenTrust, an employee-owned SEC-registered investment adviser.
GenTrust provides a full range of wealth and asset management services to a global client base of ultra-high-net-worth families, institutions, and other registered investment advisers. Founded in 2011, GenTrust and its affiliates manage approximately $3 billion.
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. Since 2018, Kudu has acquired minority stakes in 19 asset and wealth managers headquartered in the U.S., Canada, U.K., and Australia. Kudu-affiliated asset and wealth managers now collectively invest more than $70 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies and market segments. Kudu was founded in 2015 and is backed by capital partners White Mountains Insurance Group, Ltd. (NYSE: WTM) and MassMutual.