Hodes Weill
Aug 17, 2018
Updated: Sep 27, 2020
Investment manager Savanna, which pursues opportunistic and value-add strategies, has sold a minority interest in itself to TK Partners, an investor group led by Hodes Weill & Associates affiliate Tunbridge Investment Partners.
Terms of the transaction weren't disclosed. Tunbridge, which is backed by a $500 million equity commitment from a group led by Quantum Strategic Partners, which is sponsored by Soros Fund Management of New York, and Pine Brook Partners, another New York investment manager, acquired a passive stake. TK Partners, meanwhile, is capitalized in part with an investment from Kudu Investment Management of New York, which specializes in providing funding to...