Friday, 29 May 2015
Last updated 1 hour ago
Nov 4 2011 | 10:54am ET
Davidson Kempner Capital Management has raised almost $200 million for its first private equity fund, half the total it hopes to garner for its maiden effort.
The New York-based hedge fund told investors last month that it held a first close of its Long-Term Distressed Opportunities Fund in July with $193.5 million, Bloomberg News reports. Davidson Kempner aims to raise about $400 million for the fund, which has already made three investments, and expects to do so by the end of the year.
The $17 billion firm's first p.e. fund focuses on a variety of distressed investments, including deals backed by private lenders and the Federal Deposit Insurance Corp., commercial real-estate loans, hard assets, asset-backed securities, structured products and long-dated liquidations.
The new fund is led by Conor Bastable, Avram Friedman and Anthony Yoseloff.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…