Kennedy Lewis Investment Management’ Strategic Partnership with York Capital Management

Seward & Kissel represented Kennedy Lewis Investment Management in the transaction.

York Capital Management, a global private investment firm, and Kennedy Lewis Investment Management, a leading opportunistic credit manager, announced a strategic partnership to form a new entity to be called Generate Advisors, LLC.

Under the partnership agreement, York’s approximately $4 billion Collateral Loan Obligation (“CLO”) business and 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 least $200 million of capital to be invested in the equity of Generate Advisors’ future CLOs.

York Capital Management is a global private investment firm established in 1991. The firm manages approximately $13 billion in assets. York Capital employs approximately 50 investment professionals and over 150 employees globally, primarily in New York, London and Hong Kong. 

Kennedy Lewis is an opportunistic credit manager founded in 2017 by David K. Chene and Darren L. Richman with approximately $3 billion under management. Kennedy Lewis’ strategy primarily focuses on middle-market companies facing disruption, whether it be cyclical, secular or regulatory related. 

Seward & Kissel represented Kennedy Lewis Investment Management with Craig A. Sklar (Picture), James E. Abbott, Gerhard Anderson, Meir R. Grossman, Nick Katsanos, and Danielle Lemberg.

Involved fees earner: James Abbott – Seward & Kissel; Gerhard Anderson – Seward & Kissel; Meir Grossman – Seward & Kissel; Danielle Lemberg – Seward & Kissel; Nick Katsanos – Seward & Kissel; Craig Sklar – Seward & Kissel;

Law Firms: Seward & Kissel;

Clients: Kennedy Lewis Investment Management LLC;

Author: Martina Bellini