York Capital Management and Kennedy Lewis Investment Management have formed a new entity to be called Generate Advisors.
Led by Rizwan Akhter, York’s approximately $4 billion CLO business and team will transition to Generate Advisors and continue to manage the firm’s current CLO portfolio as well as any future CLOs issued by the new entity. Under the strategic partnership agreement, Kennedy Lewis will be investing in Generate Advisors and has committed at least $200 million of capital to be invested in the equity of the new entity’s future CLOs.
“We are pleased . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators