Kudu Investment Management Buys Stake in Douglass Winthrop Advisors
Posted on 09/17/2021
Kudu Investment Management purchased a minority stake in investment manager New York City-based Douglass Winthrop Advisors, LLC, primarily a high-net-worth manager with US$ 4.8 billion in assets under management. Douglass Winthrop Advisors will retain independent control of the firm. Douglass Winthrop Advisors was founded in 2000 by Robert Douglass and Jay Winthrop to manage assets for high-net-worth individuals, families, trusts, and endowments.
“Partnering with Kudu ensures DWA can remain independent, with access to growth capital and a strategy for long-term continuity in leadership,” said Jay Winthrop, co-founder and managing principal with Douglass Winthrop Advisors, in a news release. “Kudu and DWA have a shared belief that independent, trusted financial advice is increasingly in demand by sophisticated investors and their families.”
Jay Winthrop (John Winthrop Jr.) is a principal in Douglass Winthrop Advisors, LLC. Previously, Jay was a Vice President in the Mergers and Acquisitions group at JP Morgan Chase, where he provided financial and strategic advice to companies in a range of industries. Jay also worked at Hambrecht & Quist LLC, helping early stage companies raise capital in private and public markets. Robert Douglass is a principal in Douglass Winthrop Advisors, LLC. Previously, he was a Managing Director at Morgens, Waterfall, Vintiadis & Company, a New York investment management company, where he managed proprietary equity partnerships.
Jay’s father, John Winthrop, owns John Winthrop & Company, Inc., an investment management firm and timber farming concern in Charleston, South Carolina. They are both descendants of Robert Charles Winthrop, the one time U.S. Speaker of the United States House of Representatives from 1850-1851. Robert Charles Winthrop is a descendant of John Winthrop (died March 26, 1649) – an English Puritan lawyer and one of the leading figures in founding the Massachusetts Bay Colony, the second major settlement in New England following Plymouth Colony.