– Davidson Kempner Capital Management LP announced the final close of Davidson Kempner Income Fund II (DK Income Fund II), its global asset-backed private credit fund series.
– Aggregate capital commitments to the strategy, including related separate accounts, exceed $1.1 billion.
– DK Income Fund II is a flexible, opportunistic, closed-end private credit fund focused on asset-based lending.
– The Fund targets a stable, income-producing credit portfolio across multiple sectors and geographies.
– Investment focus includes structured residential, corporate, specialty finance, and hard asset-backed loans, emphasizing downside protection.
– DK Income Fund II builds on the track record of DK Income Fund I (~$750 million first vintage, with ~$1.4 billion invested as of September 30, 2025).
– Tony Yoseloff, Managing Partner and CIO, highlighted the Fund’s ability to provide diversified private credit exposure with stable returns and significant upside potential.
– The positive fundraising outcome reflects Davidson Kempner’s global sourcing network, local market knowledge, flexible solutions, and reputation as a trusted counterparty.
– The Fund is co-managed by Tony Yoseloff, Patrick Dennis (Co-Deputy Managing Partner), and Chris Krishanthan (Partner, Head of European and Asian Corporates), who have over 15 years of working experience together.
– Supported by a global team of investment professionals with deep experience in structured products, corporates, and real estate across the U.S., Europe, and Asia.
– Patrick Dennis emphasized leveraging the global team’s knowledge and resources to identify compelling investment opportunities.
– Chris Krishanthan noted the Fund’s positioning to meet growing demand for tailored credit solutions through careful sourcing, credit underwriting, and structuring.
