Davidson Kempner Closes $3B Special Situations Credit Fund

Renowned multi-strategy investor Davidson Kempner Capital Management has raised $3 billion for a new fund, Davidson Kempner Opportunities Fund VI, targeting longer-duration special situations investments.

The fund will target less liquid deals arising from capital dislocations, motivated sellers and substantial asset or structural complexity, the firm said. The firm invests in distressed assets, real estate, asset-backed and infrastructure debt originated across different geographies.

The fund builds on the NY-based firm’s five previous vintages which have collectively invested over $10 billion since inception in 2011.

“Given the Fund’s focus on capital dislocations and special situations, we believe that the Fund is well-positioned to take advantage of the wealth of opportunities we expect to emerge amid the current environment of higher volatility and tightening liquidity,” said Tony Yoseloff, Executive Managing Member and CIO.

Davidson Kempner currently has more than $37 billion of assets under management, and employs over 500 people in the US, Europe and Asia.