Kennedy Lewis Investment Management Closes Second Opportunistic Credit Fund with $2.1 billion of Commitments
January 20, 2021 – New York, NY – 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.
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.
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 sourcing channels that we have cultivated, led by our seasoned team of industry experts.”
Darren Richman, Co-Founder of Kennedy Lewis, added, “We are humbled by the reception that our second fund received from such a distinguished group of limited partners. This capital and the reinvestment proceeds from our first fund, position us to be a more frequent partner of choice for companies that are either contending with or fueling industry disruption. With this raise we can continue to engineer customized capital solutions to an expanding list of companies.”
Fund II’s investor base is comprised of a diverse group of leading public and corporate pension plans, insurance companies, family offices, endowments and foundations, and financial institutions.
To date, Fund II has invested or committed over 50% of its capital commitments.
Schulte Roth & Zabel LLP served as legal counsel for Fund II.
About Kennedy Lewis
Kennedy Lewis is an opportunistic credit manager founded in 2017 by David K. Chene and Darren L. Richman. Kennedy Lewis takes a long-term, partnership approach with borrowers, working closely with management teams to provide structural accommodations that fit the needs of businesses facing or causing disruption, experiencing temporary business pressures and whose business models are misunderstood.
For more information, visit www.klimllc.com.
Partner, Business Development & Investor Relations
April 22, 2021 – New York, NY – York Capital Management (“York”), a global private investment firm, and Kennedy Lewis Investment Management (“Kennedy Lewis”), a leading opportunistic credit manager, today announced a strategic partnership to form a new entity to be called Generate Advisors, LLC (“Generate Advisors”). Under the partnership agreement, York’s approximately $4 billion Collateral Loan Obligation (“CLO”) business and investment team, led by Rizwan Akhter, will transition to Generate Advisors and continue to manage York’s current CLO portfolio as well as any future CLOs issued by Generate Advisors. Kennedy Lewis will be investing in Generate Advisors and has committed at…
March 1, 2021 – Rochester, NY – Eastman Kodak Company (NYSE:KODK) today announced a series of financial transactions that provide access to new capital, address maturing obligations, and strengthen the Company’s ability to invest in strategic growth opportunities in print, advanced materials and chemicals. The transactions reflect investors’ confidence in Jim Continenza’s leadership and the Company’s strategy and technologies, placing Kodak in its best financial position in years. Kennedy Lewis Investment Management LLC has provided Kodak with an initial $225 million term loan and a commitment to provide delayed-draw term loans of up to an additional $50 million which may be…
February 1, 2021 – New York, NY – Kennedy Lewis Investment Management LLC (“Kennedy Lewis”), a leading opportunistic credit manager, has hired Sylvia Owens as a Managing Director on the business development team. Ms. Owens joins Kennedy Lewis from Aksia, a specialty investment consultant, where she was a Managing Director and Global Private Credit and Real Assets Strategist. In her role at Aksia, she was responsible for overseeing the implementation of private credit and real assets portfolios across a global base of LPs, and advised investors with respect to portfolio construction, investment selection, risk, and tactical plans. For years Sylvia has…