Davidson Kempner wraps up sixth opportunities fund at $3bn

• Davidson Kempner’s five previous funds have collectively invested over $10 billion since the inception in 2011
• DK Opportunities Fund VI is co-managed by Tony Yoseloff and Conor Bastable
• Davidson Kempner has more than $37 billion in assets under management

Davidson Kempner Capital Management LP has closed its sixth opportunities fund at $3 billion.

DK Opportunities Fund VI targets investments in less liquid, longer-duration situations arising from capital dislocations, motivated sellers and substantial asset or structural complexity.

Davidson Kempner’s five previous funds have collectively invested over $10 billion since the inception in 2011. The funds are diversified across geographies, industries and investment types, including corporates, real estate, structured products, infrastructure and hard assets.

“The fund’s close underscores the confidence that investors have in Davidson Kempner’s opportunistic strategies and the strength of our track record,” said Tony Yoseloff, executive managing member and chief investment officer at Davidson Kempner in a statement. “Given the fund’s focus on capital dislocations and special situations, we believe that the fund is well-positioned to take advantage of the wealth of opportunities we expect to emerge amid the current environment of higher volatility and tightening liquidity.”

DK Opportunities Fund VI is co-managed by Yoseloff and Conor Bastable, managing member, global credit.

Davidson Kempner has more than $37 billion in assets under management. The firm has New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai.