Kudu Makes Investment In EJF Capital

By Noah Long ● September 9, 2019
  • Global alternative asset management firm EJF Capital LLC announced it has received an investment from Kudu Investment Management

EJF Capital LLC — a global alternative asset management firm focused on regulatory event-driven themes across the financial and real estate sectors — has announced that it received an investment from Kudu Investment Management, an independent provider of permanent capital solutions to asset and wealth managers worldwide. The terms of the transaction were not disclosed.

The investment from Kudu will not impact the day-to-day operations of EJF and the firm’s investment and decision-making processes will remain the same. EJF is intending to use the proceeds as strategic growth capital to invest in its existing and future funds and securitization vehicles.

“Kudu has significant experience investing in specialized investment managers and we welcome them as a long-term strategic partner,” said EJF Capital co-founders Manny Friedman and Neal Wilson. “This investment provides EJF with permanent capital that will strengthen our business and bolster our ability to build and scale our global platform over time.”

EJF also announced that Wilson, co-founder and chief operating officer, has been named the firm’s co-chief executive officer alongside Friedman.

“Neal and I launched EJF 14 years ago with the goal of creating a collaborative and collegial environment with a client-first approach. It gives me great pleasure that Neal is joining me as co-CEO. He is a true partner, visionary investor, and natural leader. I am excited to work alongside Neal for years to come,” added Friedman.

Along with EJF, Kudu’s valued partners also include property fund manager Savanna, alternatives platform TIG Advisors, real assets investor Versus Capital, European alternative credit specialist Fair Oaks Capital, and wealth managers B|O|S and First Long Island Investors.

“We are thrilled to support EJF, a firm distinguished by its talented team led by Manny and Neal, creative investment approach and strong track record of performance,” added Kudu Investment Management CEO Rob Jakacki. “Our investment will help EJF expand its global investment offerings and we look forward to a long-term relationship.”

Barclays Capital had served as financial advisor and Fried Frank Harris Shriver & Jacobson LLP served as legal advisor to EJF. And Seward & Kissel LLP served as legal advisor to Kudu.