New York-based fund manager Kennedy Lewis Investment Management has raised more than double its $1 billion target for the second vintage of its multi-strategy credit fund at more than $2 billion, Private Debt Investor has learned. KLIM expects to close the fund later this month, a source familiar with the matter said.

Kennedy Lewis raises over $2bn, more than double its target
The New York-based firm’s second multi-strategy credit fund is more than 45% invested, Private Debt Investor has learned.