Davidson Kempner’s diversified, flexible investment platform is built on 40+ years of excellence.

Multi-Strategy

Dynamic allocations across a combination of strategies described below, with an event-driven emphasis and a global mandate. Seeks to capture compelling risk-adjusted returns across market cycles, with a focus on capital preservation and downside protection.

Diversification across strategies, geographies and asset classes. Invests across the capital structure in both public and private markets with flexibility to shift capital across and within strategies based on the opportunity set. Benefits from the collaboration and the specialized expertise of Davidson Kempner’s experienced global investment teams.

Corporates

Employs a bottom-up, fundamental approach to investing in both public and private markets, with a focus on stressed or distressed companies as well as opportunistic investments resulting from events and/or value propositions.

Leverages deep quantitative, industry and subject matter expertise to price risk and underwrite investments thoroughly, with emphasis on capturing market dislocations and unrecognized value. Investments include corporate credit, corporate equity, private lending, infrastructure, hard assets, liquidations, litigations and restructurings.

Structured Credit

Invests in a broad range of asset classes such as residential mortgage finance, commercial mortgage finance, consumer loan finance and structured corporate finance, using proprietary sourcing channels.

Leverages deep quantitative skills and local market expertise to price risk and underwrite investments thoroughly. Investments include public securities, portfolios of loans and assets, bespoke financing solutions and privately originated structures, direct platform investments, and synthetic risk transfer.

Real Estate

Employs a special situations and opportunistic approach to real estate investing. Invests across the capital structure in both public and private markets across a broad array of real estate sectors and strategies. Our investment process is focused on creating a competitive advantage via sourcing, sector selection, analysis, structuring and active asset management. Targets investments where complexity, capital dislocation and/or situation-specific events create a value disconnect and barriers to entry.

Leverages an extensive, global network of joint venture partners, operating partners, portfolio companies, servicers and management teams to identify unique investment opportunities and drive outcomes. Investments include platform aggregations, stressed or distressed opportunities, sale leaseback transactions, liquidations, motivated/forced sales, public securities trading at a discount to intrinsic value, and loans collateralized by real estate.

Merger Arbitrage

Event-driven strategy that seeks to deliver attractive risk-adjusted returns with low correlation to equity and fixed income markets. As one of Davidson Kempner’s founding strategies, the strategy is underpinned by an extensive track record and deep expertise in navigating complex transactions across multiple jurisdictions.

Invests in companies that are the subject of acquisition attempts, exchange offers, cash tender offers, mergers or spinouts. Aims to capitalize on price inefficiencies and capture the risk premium embedded in each transaction.

Relative Value

Our relative value strategies seek to identify and exploit pricing discrepancies among the same or related financial instruments using long and short positions.

• Convertible Arbitrage
• Long/Short Equity
• Long/Short Credit

Opportunistic Credit and Equity

Opportunistic, all-weather approach with a global focus to invest flexibly across the capital structure in both public and private markets. Targets opportunities that offer the most attractive risk-reward at any given time, agnostic as to sector or geography. Targets complex situations where competition is low, where our experience and expertise can unlock value.

Seeks to create diversified portfolio across corporate investments, asset-backed and structured products, real estate, infrastructure and hard assets, and other compelling idiosyncratic opportunities.

Private Credit – Asset-Based Lending

Direct lending strategy focused on esoteric collateral across a wide range of asset classes and geographies. Typically transact in less crowded investment spaces: global residential mortgages, specialty assets, structured corporate opportunities and hard assets in real estate, aviation and shipping.

Borrowers in this strategy seek a credible and constructive counterparty with a track record of execution, providing creative, flexible and highly bespoke capital solutions. Bespoke sourcing and rigorous underwriting, bolstered by the scale of Davidson Kempner's infrastructure.

DK Solutions

Provides flexible, bespoke portfolio solutions for clients balancing yield, duration and capital efficiency. Portfolio construction benefits from diversified investment grade focused assets sourced across Davidson Kempner’s investment platform, including asset-backed finance, aviation and shipping, and real estate. Ability to tailor mandates to meet liquidity needs and appetite for credit risk.

Invests in regulated balance sheets, leveraging Davidson Kempner’s flexible, long duration pools of capital. Delivers solutions to insurers through direct investments, reinsurance, and specialized capital relief vehicles such as sidecars.