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Fund of Funds

Kendall Investments

Kendall Investments invests in other funds rather than directly in companies, from Cambridge, Massachusetts, USA. It states a focus on energy & utilities.

Disclosed holdings
Earliest stated investment
HeadquartersCambridge, Massachusetts, USA
Largest single fundNot stated

Stated investment criteria

What Kendall Investments says it buys

Read from Kendall Investments’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesGrowth, Distressed1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Kendall Investments to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Kendall Investments is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised5 · $29m gross
SEC adviser numberCRD 291345

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Valuation context

Transaction values in Energy & Utilities

What companies have actually sold for in energy & utilities, across 584 recorded transactions.

Median consideration$180m
Middle 50%$45m-$420m
Revenue multiple1.4×
EBITDA multiple7.1×

The full energy & utilities picture - most active acquirers, recent transactions and every investor in the sector.

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For investors

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Comparable investors

Similar mandates

Other fund of funds investors active in energy & utilities.