Kennedy Lewis Investment Management closed its latest opportunistic credit fund, Kennedy Lewis Capital Partners Master Fund II, at $2.1 billion.
The fund well exceeded its $1 billion fundraising target, said Ben Schryber, partner, business development and investor relations.
The inaugural fund, Kennedy Lewis Capital Partners Master Fund I, closed at more than $500 million in 2018.
Fund II targets event-driven and opportunistic financing throughout North America and Europe across distressed, public and private investment opportunities, the news release said.
Investors include the Vermont Pension Investment Committee, Montpelier, which oversees the investment management of the $4.6 billion Vermont State Retirement Systems.