Kennedy Lewis Investment Management

Overview

Kennedy Lewis Investment Management is a credit-focused alternative asset manager founded in 2017 by David K. Chene and Darren L. Richman. The firm specializes in providing flexible senior secured capital solutions to middle-market companies across the United States and Western Europe. Its investment strategies include opportunistic credit, homebuilder finance, core lending, and broadly syndicated loans. Kennedy Lewis manages private funds, a business development company, and collateralized loan obligations, aiming to deliver attractive risk-adjusted returns for its clients. The firm's investment approach is characterized by a focus on non-sponsored borrowers, allowing for greater control and the ability to create bespoke capital solutions. Kennedy Lewis employs a thematic, sector-driven investment strategy, combining macroeconomic perspectives with deep domain expertise. This approach enables the firm to identify and lead opportunities in parts of the private credit market where few others compete, particularly in complex, less-trafficked situations. Kennedy Lewis has demonstrated significant growth and success since its inception. In November 2023, the firm closed its third opportunistic credit fund, raising $4.1 billion, exceeding its original target of $3 billion. This fund employs an all-weather strategy designed to benefit from disruption across scalable industry verticals, including life sciences, power, technology, media and telecommunications, tactical opportunities, homebuilder finance, and opportunistic cyclicals. The firm's strategic partnerships, such as the one with CalSTRS announced in July 2024, further underscore its commitment to expanding its investment capabilities and delivering value to its investors.

Investment Focus

• Non-sponsored borrowers
• Middle-market companies
• United States
• Western Europe

Portfolio Companies