Every asset manager it seems wants to get a piece of private credit these days, either by acquisition, minority stake or team liftout.

Petershill Partners, Goldman‘s private equity firm this week bought some 20% of Kennedy Lewis from Azimut (which is getting $225 million from the deal).

Goldman like others want to get deeper into alternatives and private markets, and Kennedy Lewis, a team that came from Blackstone and CarVal, picked them over a number of other potential partners for obvious reasons.

Kennedy Lewis is a credit focused alt manager founded in 2017 by David „Kennedy“ Chene and Darren „Lewis“ Richman – thus the name.

They are headquartered in NY, with offices in Miami and Geneva, and manage private funds, a BDC and CLOs.

Robert Hamilton Kelly, co-Head of Petershill at GSAM said: „Kennedy Lewis is a world-class firm that possesses remarkable depth of expertise in specialized areas of the credit markets that are underserved by traditional lenders and many private credit firms.“

„Notwithstanding this exit, we are committed to continue growing in the GP Staking landscape as well as in the border Private Markets space, in the US and globally“, added Giorgio Medda, CEO at Azimut Group.

More to come, we are sure.

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