Kennedy Lewis raises $2.1bn for opportunistic credit fund launch

The $2.87 billion New York firm Kennedy Lewis Investment Management announced the close of its Kennedy Lewis Capital Partners Master Fund II with $2.1 billion in commitments.

One of the investors in the latest opportunistic credit fund was the San Francisco Employees’ Retirement System, which placed $60 million with the firm last month.

The firm reported strong investor demand in Fund II in that it exceeded its $1 billion fundraising target. Kennedy Lewis’ first fund . . .

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