Kudu Investment Management announced that it has made a minority investment in Drummond Capital Partners, an Australian boutique investment manager.
Drummond specializes in institutional-quality, active managed accounts and manages A$6.6 billion in assets through tailored investment portfolios for financial advisors.
The firm was founded in 2017 by Tom Schubert and Nick Reddaway and has offices in Melbourne, Brisbane, Sydney, and Perth.
Following the investment, Schubert and Reddaway will remain majority owners of Drummond. The firm will continue operating under the same leadership team, investment framework, and client service model.
Drummond partners with select advice firms to design, deliver, and manage separately managed account portfolios. The company’s model is designed to improve investment outcomes, strengthen governance, and support client engagement for advice businesses.
Kudu provides permanent capital solutions to asset and wealth management firms globally. Its investment in Drummond supports the firm’s continued growth while allowing it to remain independent.
Since its founding in 2015, Kudu has invested in 34 asset and wealth managers representing $154 billion as of March 31, 2026.
KEY QUOTES:
“We see a promising long-term opportunity in the Australian wealth management sector. Drummond is a high-quality business with a differentiated offering and coherent strategic direction. Our role is to provide long-term capital to support that vision—without altering what makes the firm successful.”
Chris Shin, Partner and Co-CIO at Kudu Investment Management
“This partnership is about strengthening what already makes Drummond different. We were very deliberate in seeking a partner whose capital is permanent, whose approach is genuinely long-term, and whose model allows us to remain fully independent. We have built a high-quality business by partnering closely with advice firms, and this investment enables us to continue investing in our team, our product suite and the broader support we provide to clients.”
Tom Schubert, Co-Founder and CEO of Drummond Capital Partners
