Seward & Kissel Represents Kennedy Lewis in connection with its minority stake sale to Petershill at Goldman Sachs Asset Management

April 3, 2024

On April 2, 2024, Kennedy Lewis Investment Management (‘Kennedy Lewis’), a leading opportunistic credit manager, announced that Petershill at Goldman Sachs Asset Management (“Petershill”) has made a passive, minority investment in the firm. The transaction will provide Kennedy Lewis with additional resources to further align its interests with clients and accelerate investment in the business, including by continuing to attract best-in-class professionals to the firm. Seward & Kissel is pleased to have represented Kennedy Lewis in connection with this investment management industry transaction.

Kennedy Lewis is an alternative credit manager founded in 2017, with over $14 billion under management across private funds, a business development company, and collateralized loan obligations. The firm seeks to deliver attractive risk adjusted returns for clients by investing across the credit markets through its opportunistic credit, homebuilder finance, core lending and broadly syndicated loan strategies. Goldman Sachs is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Established in 2007, Petershill partners with leading alternative asset managers and helps to accelerate their strategic development.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping” and “also handles complex middle-market deals in the media industry and international sell-side M&A.“

The company’s press release describing this transaction is available here.

Seward & Kissel Represents Kennedy Lewis in connection with its minority stake sale to Petershill at Goldman Sachs Asset Management

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