Healthcare-Focused Secondaries Manager Revelation Partners Adds Kudu Investment Management as Strategic Partner
Revelation Partners, a leading healthcare secondaries investment manager, has received a minority investment from Kudu Investment Management. The financial terms were not disclosed. Revelation, based in Sausalito, California, manages over $1.5 billion in committed capital, providing liquidity and growth capital across the private healthcare market.
Revelation remains employee-owned and controlled, with co-founders Mike Boggs and Scott Halsted continuing to lead as managing partners. The partnership with Kudu aims to support Revelation's growth and resource expansion. Kudu, founded in 2015, has invested in 28 asset and wealth managers globally, with partner firms collectively managing approximately $129 billion as of June 30, 2024.
Revelation Partners, un importante gestore di investimenti secondari nel settore sanitario, ha ricevuto un investimento di minoranza da Kudu Investment Management. I termini finanziari non sono stati resi noti. Revelation, con sede a Sausalito, California, gestisce oltre 1,5 miliardi di dollari di capitale impegnato, fornendo liquidità e capitale per la crescita nel mercato sanitario privato.
Revelation rimane di proprietà e controllo dei dipendenti, con i co-fondatori Mike Boggs e Scott Halsted che continuano a guidare come soci amministratori. La partnership con Kudu mira a supportare la crescita e l'espansione delle risorse di Revelation. Kudu, fondata nel 2015, ha investito in 28 gestori di asset e patrimonio a livello globale, con società partner che gestiscono collettivamente circa 129 miliardi di dollari al 30 giugno 2024.
Revelation Partners, un importante gestor de inversiones secundarias en el sector salud, ha recibido una inversión de minoría de Kudu Investment Management. Los términos financieros no se divulgaron. Revelation, con sede en Sausalito, California, gestiona más de 1,5 mil millones de dólares en capital comprometido, proporcionando liquidez y capital para el crecimiento en el mercado de la salud privado.
Revelation sigue siendo propiedad y controlada por los empleados, con los cofundadores Mike Boggs y Scott Halsted continuando como socios administradores. La asociación con Kudu tiene como objetivo apoyar el crecimiento y la expansión de recursos de Revelation. Kudu, fundada en 2015, ha invertido en 28 gestores de activos y riqueza a nivel mundial, con firmas asociadas que gestionan colectivamente aproximadamente 129 mil millones de dólares hasta el 30 de junio de 2024.
Revelation Partners는 주요 의료 2차 투자 관리자로서 Kudu Investment Management로부터 소수 투자를 받았습니다. 재무 조건은 공개되지 않았습니다. 샌프란시스코 베이 지역인 소살리토에 본사를 둔 Revelation은 15억 달러 이상의 자본을 관리하며, 민간 의료 시장에서 유동성과 성장 자본을 제공합니다.
Revelation은 직원 소유 및 관리 형태로 계속 남아 있으며, 공동 창립자인 Mike Boggs와 Scott Halsted가 계속해서 관리 파트너로 활동하고 있습니다. Kudu와의 파트너십은 Revelation의 성장과 자원 확장을 지원하는 것을 목표로 합니다. 2015년에 설립된 Kudu는 전 세계에 28개의 자산 및 재산 관리업체에 투자하였으며, 2024년 6월 30일 기준으로 파트너 회사들이 총 1290억 달러를 관리하고 있습니다.
Revelation Partners, un gestionnaire de premier plan en investissements secondaires dans le secteur de la santé, a reçu un investissement minoritaire de Kudu Investment Management. Les conditions financières n'ont pas été divulguées. Revelation, basé à Sausalito, Californie, gère plus de 1,5 milliard de dollars de capital engagé, fournissant liquidité et capital de croissance sur le marché privé de la santé.
Revelation reste propriété et contrôle des employés, avec les cofondateurs Mike Boggs et Scott Halsted continuant de diriger en tant qu'associés directeurs. Le partenariat avec Kudu vise à soutenir la croissance et l'expansion des ressources de Revelation. Kudu, fondée en 2015, a investi dans 28 gestionnaires d'actifs et de richesses à l'échelle mondiale, avec des entreprises partenaires gérant collectivement environ 129 milliards de dollars au 30 juin 2024.
Revelation Partners, ein führender Manager für sekundäre Gesundheitsinvestitionen, hat eine Minderheitsbeteiligung von Kudu Investment Management erhalten. Die finanziellen Details wurden nicht bekannt gegeben. Revelation, mit Sitz in Sausalito, Kalifornien, verwaltet über 1,5 Milliarden US-Dollar an zugesagtem Kapital und bietet Liquidität sowie Wachstumskapital im privaten Gesundheitsmarkt an.
Revelation bleibt arbeitnehmerbesessen und kontrolliert, wobei die Mitbegründer Mike Boggs und Scott Halsted weiterhin als geschäftsführende Partner führen. Die Partnerschaft mit Kudu zielt darauf ab, das Wachstum und die Ressourcenerweiterung von Revelation zu unterstützen. Kudu, gegründet im Jahr 2015, hat weltweit in 28 Vermögens- und Vermögensverwalter investiert, wobei Partnerunternehmen bis zum 30. Juni 2024 zusammen etwa 129 Milliarden US-Dollar verwalten.
- Revelation Partners received a minority investment from Kudu Investment Management
- Revelation manages over $1.5 billion in committed capital
- The company remains employee-owned and controlled
- Partnership with Kudu aims to support growth and resource expansion
- None.
Insights
Revelation Partners' strategic partnership with Kudu Investment Management marks a significant development in the healthcare secondaries market. With Revelation managing over
The deal highlights the increasing interest in healthcare-focused secondaries, driven by strong deal flow and demand for liquidity in private healthcare companies. This partnership could enhance Revelation's ability to capitalize on market opportunities and potentially increase its assets under management.
For investors, this move signals potential growth in the healthcare secondaries sector. The backing of Kudu, which has investments in firms collectively managing about
This strategic partnership between Revelation Partners and Kudu Investment Management is indicative of broader trends in the private equity landscape, particularly in healthcare secondaries. The deal underscores the growing importance of specialized secondaries managers in providing liquidity solutions to an increasingly complex private market ecosystem.
Revelation's focus on healthcare, a sector known for its long investment horizons and regulatory complexities, positions them well in a market where sector expertise is highly valued. The partnership with Kudu, known for providing permanent capital solutions, could enhance Revelation's ability to execute larger deals and potentially expand its strategy beyond pure secondaries into other forms of complex liquidity solutions.
For partners and general partners in healthcare private equity, this development may signal increased options for portfolio management and liquidity. It could potentially lead to more efficient pricing and liquidity in the healthcare secondaries market, benefiting the broader private equity ecosystem.
Revelation remains employee-owned and controlled, and the firm continues to be led by co-founders and managing partners Mike Boggs and Scott Halsted.
"We have seen record deal flow over the last couple of years, and Revelation is experiencing strong demand for our strategy of providing liquidity to the illiquid market of private healthcare companies," said Boggs. "We are excited to partner with Kudu, which has the capital and experience to help us continue to optimize our large opportunity set."
"Partnering with Kudu will allow Revelation to continue to grow and add the resources and human capital necessary to reinforce the brand we have built in healthcare over the last decade," added Halsted.
"We are delighted to support Mike and Scott and their team. Secondaries investing is an exciting and evolving area, and Revelation has built an impressive franchise in the space," said Rob Jakacki, Kudu's CEO.
Since it was founded in 2015, New York-based Kudu has invested in 28 asset and wealth managers headquartered in the U.S., Canada,
Kirkland & Ellis LLP was legal counsel and Piper Sandler was financial advisor to Revelation Partners. Seward & Kissel LLP served as legal advisor to Kudu.
About Revelation Partners
Revelation Partners provides flexible capital solutions to the healthcare ecosystem. The firm's long-term approach allows it to address the issues faced by a wide range of stakeholders, including company founders, management teams and investors. Its customized solutions provide liquidity, align shareholders, and support the growth of privately held healthcare companies. For more information, visit www.revelation-partners.com.
About Kudu Investment Management
Kudu provides long-term capital solutions—including generational ownership transfers, management buyouts, acquisition and growth finance, as well as liquidity for legacy partners—to independent asset and wealth managers globally. Kudu was founded in 2015 and is backed by capital partners White Mountains Insurance Group, Ltd. (NYSE: WTM) and MassMutual. For more information, visit www.kuduinvestment.com.
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SOURCE Kudu Investment Management, LLC
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