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Laxman Pai, Opalesque Asia:

Global institutional investment management firm Davidson Kempner Capital Management closed its sixth opportunistic/special situations fund at $3 billion.

U.S. investment management firm, which manages roughly $37 billion in assets, said in a statement its DK Opportunities Fund VI plans to take advantage of opportunities that may arise in an environment of higher volatility and tightening liquidity to invest in less liquid and long-duration assets.

"With a flexible and opportunistic mandate, DK Opportunities Fund VI targets investments in less liquid, longer-duration situations arising from capital dislocations, motivated sellers, and substantial asset or structural complexity," said a press release from the multi-strategy investor.

DK Opportunities Fund VI builds upon the track record of five previous vintages which have collectively invested over $10.0 billion since the inception in 2011. The funds are diversified across geographies, industries, and investment types, including corporates, real estate, structured products, infrastructure, and hard assets.

"The Fund's close underscores the confidence that investors have in Davidson Kempner's opportunistic strategies and the strength of our track record," said Tony Yoseloff, Executive Managing Member and Chief Investment Officer. "Given the Fund's focus on capital dislocations and special situations, we believe that the Fund is well-positioned to take advantage of the weal......................

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