On April 22, 2021, York Capital Management, a global private investment firm, and Kennedy Lewis Investment Management, a leading opportunistic credit manager, announced a strategic partnership to form a new entity to be called Generate Advisors, LLC. Seward & Kissel is pleased to be representing Kennedy Lewis Investment Management in connection with this investment management industry transaction.

Under the partnership agreement, York’s approximately $4 billion Collateral Loan Obligation (“CLO”) business and team, led by Rizwan Akhter, will transition to Generate Advisors and continue to manage York’s current CLO portfolio as well as any future CLOs issued by Generate Advisors. Kennedy Lewis will be investing in Generate Advisors and has committed at least $200 million of capital to be invested in the equity of Generate Advisors’ future CLOs.

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 announcement describing this transaction is available here.