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Alternative Market Briefing

Kennedy Lewis raises $2.1bn for the sophomore opportunistic credit fund

Thursday, January 21, 2021

Laxman Pai, Opalesque Asia:

The opportunistic credit manager Kennedy Lewis Investment Management closed its latest opportunistic credit fund, Kennedy Lewis Capital Partners Master Fund II, at $2.1 billion.

Kennedy Lewis' first fund closed in November 2018 with over $500 million of committed capital.

The provider of investment management services said in a press release that Fund II well exceeded its $1 billion fundraising target.

Investors include the Vermont Pension Investment Committee, Montpelier, which oversees the investment management of Vermont State Retirement Systems.

Fund II targets event-driven and opportunistic financing throughout North America and Europe across distressed, public, and private investment opportunities, the news release said.

"Kennedy Lewis' strategy primarily focuses on middle-market companies facing disruption, whether it be cyclical, secular, or regulatory related. The Firm also partners with high growth companies that are causing disruption, providing structured capital solutions to fit their needs," it added.

Kennedy Lewis currently employs a growing team of 30 professionals, including 18 investment professionals.

David Chene, Co-Founder of Kennedy Lewis, commented, "We are grateful to our limited partners for their incredible support and their continued confidence in our investment strategy and the capabilities of our team. We believe investors valued the consistency of our strategy as well as the sourc......................

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