Davidson Kempner Capital Management has raised more than $1.1bn (£818m) for its second income fund at final close.
The Davidson Kempner Income Fund II is a global closed-ended private credit strategy, which invests across structured residential, corporate, specialty finance and hard asset-backed loans.
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The $37bn global investment management firm said the fund builds on the $750m first vintage, Davidson Kempner Income Fund I, which has invested approximately $1.4bn.
“We believe that DK Income Fund II fills a niche demand for diversified private credit exposure and enables us to take advantage of the diverse, global opportunity set in the current market environment,” said Tony Yoseloff, managing partner and chief investment officer at Davidson Kempner.
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“The successful close of this Fund underscores the growing demand for tailored credit solutions amongst differentiated borrowers,” said Chris Krishanthan, partner and head of European and Asian corporates. “We believe we are well positioned within this current environment to support different borrower needs through thoughtful sourcing, credit underwriting and structuring.”
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