Matt Carter
Australian Financial Planning Group (AFPG), an established wealth management firm serving clients across Australia, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers globally, has announced that AFPG has secured a minority investment from Kudu. Financial terms of the transaction were not disclosed.
Founded in 2001, AFPG has a team of 30 advisers, manages in excess of A$3.0 billion, and offers a suite of financial planning, lending and accounting services.
Sydney-based AFPG plans to use the proceeds from this transaction to support its continued growth, including expanding its advisor base and pursuing strategic acquisitions, while maintaining its independent ownership structure. The firm will continue to be led by Matt Carter, its founder, and management team, with no changes to its day-to-day operations.
“We founded AFPG with a commitment to delivering independent, high-quality advice to our clients, and that will not change,” said Carter. “Kudu’s minority investment allows us to retain control of our business while providing the capital and strategic support to accelerate our growth, particularly through acquisitions. We’re excited about the opportunities ahead.”
“Australia represents a compelling market for wealth management, supported by strong secular growth drivers and increasing demand for high-quality financial advice,” said Chris Shin, partner and co-chief investment officer of Kudu. “AFPG has built an impressive business with a clear vision and strong leadership. We are delighted to partner with Matt and his team as they continue to expand their business.”
Since it was founded in 2015, New York-based Kudu has made investments in 34 asset and wealth managers in the U.S., Canada, U.K., Europe and Australia. Kudu’s partner firms now collectively invest approximately US$154 billion, as of March 31, 2026, on behalf of individual and institutional investors worldwide in traditional and alternative strategies and market segments.
Johnson Winter Slattery was legal counsel and PwC served as financial advisor to AFPG. MinterEllison served as legal counsel to Kudu.