Commercial Real Estate Direct – Hodes Weill's Tunbridge Buys Stake in Investment Manager Savanna

August 17, 2018

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...


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All U.S. regulated capital market and securities advisory services are provided by Hodes Weill Securities, LLC, a registered broker-dealer with the SEC, and a member of FINRA and SIPC, and internationally, by non-U.S. Hodes Weill affiliates.