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.