Azimut Group Buys Equity Stake in Kennedy Lewis Investment Management

Posted on 07/29/2020

Milan-based Azimut Group, through a subsidiary, acquired a 20% minority equity stake in Kennedy Lewis Investment Management LLC, a private credit investment firm.

The Azimut transaction will contribute permanent capital to New York-based Kennedy Lewis. Kennedy Lewis was founded in 2017 by David Chene and Darren Richman. David Chene was formerly a Managing Director with CarVal Investors. Darren Richman was formerly a Senior Managing Director with Blackstone from 2006 to 2016. He focused on special situation and distressed investments, and he sat on the Investment Committee for GSO’s distressed funds and special situation funds.