Kennedy Lewis Investment Management announced that it has closed on $4.1 billion for Kennedy Lewis Capital Partners Master Fund III LP and its associated parallel and co-investment vehicles.
/PRNewswire/ Kennedy Lewis Investment Management LLC ("Kennedy Lewis"), a leading alternative credit manager, announced that it has closed on $4.1 billion.
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.
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NEW YORK, Jan. 20, 2021 /PRNewswire/ Kennedy Lewis Investment Management ( Kennedy Lewis ), a leading opportunistic credit manager, today announced that it completed fundraising for Kennedy Lewis Capital Partners Master Fund II LP ( Fund II ) with $2.1 billion of capital commitments.
Based on strong investor demand, Fund II attracted capital commitments far exceeding its initial $1 billion fundraising target. Kennedy Lewis first fund closed in November 2018 with over $500 million of committed capital.
Fund II will be a continuation of the strategy employed by Kennedy Lewis previous fund, targeting event-driven and opportunistic financings across public, private, performing and distressed investment opportunities throughout North America and Europe.