MassMutual Gets an Equity Stake in Kudu Investment Management

Posted on 05/26/2022

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Massachusetts Mutual Life Insurance Company (MassMutual), a U.S. mutual life insurance company, has become an equity investor in Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide. MassMutual joins White Mountains Insurance Group, Ltd. (NYSE: WTM) as an investor in Kudu.

Since 2018, New York-based Kudu has acquired minority stakes in 17 asset and wealth managers headquartered in the U.S., Canada, U.K., and Australia. As of March 31, 2022, Kudu-affiliated asset and wealth managers collectively invest US$ 65 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. In 2021, Kudu closed a $350 million credit facility with MassMutual.