Deals
Kennedy Lewis Sells 20% Equity Stake to Italy’s Azimut Group
- Deal is Azimut’s first in expansion into U.S. private markets
- New York-based Kennedy doubled size of fund to $2 billion
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Kennedy Lewis Investment Management LLC, which recently increased the capacity of its newest fund to $2 billion, has sold a minority equity stake to the Azimut Group.
The deal demonstrates Azimut’s commitment to pursue investments in U.S. private markets, the company said in statement Wednesday. “Our goal is for private markets to represent at least 15% of our AUM by the end of 2024, and this deal certainly puts us on the right track,” Azimut Group Chairman Pietro Giuliani said in the statement.