Hedge fund Davidson Kempner targets $1.2 bln for private credit


Davidson Kempner Capital Management, Rhode Island State Investment Commission, hedge fund, private equity, pension fund
New York City, USA - August 05, 2013: A young woman stands on roller blades as she photographs ONE World Trade Center across West Street in Lower Manhattan. A woman on roller blades photographs 1 World Trade Center in Lower Manhattan on Aug. 5, 2013. Photo courtesy JayLazarin/iStock Unreleased/Getty Images
  • To invest in distressed debt, RE, hard assets, structured credit
  • New fund received $50 mln from Rhode Island
  • LPs who backed first close get discounted management fee
Hedge fund Davidson Kempner Capital Management is targeting $1.2 billion for investments in longer-dated distressed opportunities, including private equity, according to documents released by Rhode Island State Investment Commission. Davidson Kempner, which holds the bulk of its assets in its $20.7 ...

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