KLIM raises $500m

The New York-based firm closes significantly-oversubscribed debut vehicle.

Kennedy Lewis Investment Management has announced that it closed its debut vehicle in November. Kennedy Lewis Capital Partners, which was oversubscribed, hit its $500 million only a year after the firm opened shop.

The fund will be invested in bespoke financing arrangements and special situations. It is aiming for a 1.5x multiple on invested capital on each investment, and is agnostic across industry, geography and security type, according to its website. The firm will charge a management fee of up to 1.5 percent and a 20 percent carried interest after clearing an unspecified hurdle rate.