Davidson Kempner Nets $200M For First P.E. Fund

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.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.