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Laxman Pai, Opalesque Asia: Kennedy Lewis Investment Management, an alternative credit management firm, closed its newest opportunistic credit fund, Kennedy Lewis Capital Partners Master Fund III, at $4.1 billion.
According to a media release from the New York-based investment management firm that focuses on investments in credit opportunities, targeting distressed debt, the fund surpassed its original fundraising target of $3 billion, the said in a news release.
The firm's first fund, Kennedy Lewis Capital Partners Master Fund I, closed with over $500 million in 2018. Its second fund, Kennedy Lewis Capital Partners Master Fund II, raised $2.1 billion in 2021.
Investors in Fund III include a diverse range of pensions, insurers, sovereign wealth funds, foundations, and endowments from the U.S., Europe, and the Middle East.
Investors include the Vermont Pension Investment Commission, which manages $6.26 billion in investments for the Vermont State Retirement Systems, and the City of Jacksonville Financial Investment and Advisory Committee, which oversees $2.32 billion in investments for the Jacksonville Police & Fire Pension Fund, according to public filings.
"We appreciate the support from our global investor base and look forward to continuing to work diligently to invest their capital and help them achieve their investment goals," said Darren L. Richman, Kennedy Lewis Co-Founder and Co-Managing Partner.
"At the same time, we are proud of the value w...................... To view our full article Click here
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