Kennedy Lewis and York Capital to Form CLO Platform

May 3, 2021

On April 22, 2021, Seward & Kissel client Kennedy Lewis Investment Management LLC announced its strategic partnership with York Capital Management Global Advisors, LLC to form Generate Advisors, LLC.

Under the terms of the agreement, Seward & Kissel client Kennedy Lewis Investment Management LLC (“Kennedy Lewis”) will partner with York Capital Management Global Advisors, LLC (“York”) to form Generate Advisors, LLC (“Generate”). York’s approximately $4 billion Collateral Loan Obligation (“CLO”) business and team, led by Rizwan Akhter, will transition to Generate. Kennedy Lewis will invest at least $200 million. Generate will continue to manage York’s current CLO portfolio as well as any future CLOs issued by Generate. Further terms of the deal were not disclosed.  The transaction is subject to customary closing conditions. A Seward & Kissel team led Business Transactions Group partner Craig Sklar, Tax partner Jon Brose, Corporate Finance Partner Greg Cioffi, Business Transactions Group counsel Danielle Lemberg, Employment counsel Julia Spivack, Employee Benefits counsel Michael O’Brien, and associates David Sagalyn, Maria Rivera-Diaz and Eric Buchanan represented Kennedy Lewis in connection with the transaction.

Kennedy Lewis, based in New York, is an opportunistic private credit investment firm.  It has approximately $2.1 billion in assets under management and committed capital.

York, based in New York, is a global private investment firm.  York manages approximately $13 billion in assets.

To read the press release: please click here.


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Investment Manager Strategic Investments, Transactions