White Mountains’s $250 Million Investment in Kudu


Cravath represented White Mountains in connection with the transaction.

Kudu Investment Management, LLC, a leading capital provider to asset management and wealth management firms, announced that it closed a $250 million investment from funds managed by Oaktree Capital Management, L.P., the global alternative investment management firm, and from White Mountains Insurance Group, Ltd. (“White Mountains”), the Bermuda-domiciled financial services holding company.

The Cravath team was led by partners David J. Perkins (Picture) and Ting S. Chen and included associate Chere C. See on M&A matters, and partner Stephen L. Gordon and associate Richard Bohm on tax matters.

Involved fees earner: David Perkins – Cravath Swaine & Moore; Ting Chen – Cravath Swaine & Moore; Chere See – Cravath Swaine & Moore; Stephen Gordon – Cravath Swaine & Moore; Richard Bohm – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: White Mountains Insurance Group, Ltd.;

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Author: Ambrogio Visconti