Seward & Kissel represented Kudu Investment Management, LLC (“Kudu”) in its acquisition of a minority interest in Gramercy Funds Management, LLC (“Gramercy”). Gramercy is a dedicated emerging markets investment firm. Founded in 1998 and based in Greenwich, Conn., Gramercy manages approximately $5.4 billion for a global client base in emerging market strategies including multi-asset, private credit, public credit, and special situations. Since 2018, New York-based Kudu has acquired minority stakes in 18 asset and wealth managers that are headquartered in the U.S., Canada, U.K., and Australia and collectively invest more than $70 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies and market segments. To date, Kudu has raised more than $800 million in equity and debt capital from White Mountains Insurance Group, Ltd. and Massachusetts Mutual Life Insurance Company.