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Home / transaction / Berkshire Global Advisors acted as financial advisor to Douglass Winthrop Advisors, LLC
Berkshire Global Advisors acted as financial advisor to Douglass Winthrop Advisors, LLC
  • has received a minority investment from

    • Berkshire Global Advisors acted as financial advisor to Douglass Winthrop Advisors, LLC

  • Date: September 2021
  • Sector: Wealth Management
  • Region: North America
  • Seller AUM: $4.8 Billion

    • Seller Details:
    Douglass Winthrop Advisors is a New York City-based SEC-registered investment advisor. The firm manages more than $4.8 billion for individuals, families, trusts, endowments and institutions. It is majority owned by its principals.

    Buyer Details:
    Kudu provides long-term capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to asset and wealth managers globally. Kudu was founded in 2015 and is backed by capital partner White Mountains Insurance Group, Ltd. (NYSE: WTM). Kudu now has 17 partner firms, including two managed for a third party, that collectively invest approximately $96 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies, as of June 30, 2021. Kudu has more than $650 million in capital commitments to date.

    Transaction Summary:
    The sale of this passive, minority stake allows Douglass Winthrop to remain independent, with access to growth capital to accelerate strategic priorities, realize synergistic opportunities and provide long-term leadership continuity. With this transaction, Kudu now has 17 partner firms and more than $650 million in capital commitments to date.