Feud Erupts at $14 Billion Credit Manager Over Lucrative Stake
- Former Kennedy Lewis Chairman John Brice claims a 15% stake
- Dispute comes as the firm pursues a partial or complete sale
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A Wall Street distressed-debt maven has resurfaced to take on his one-time protege at $14 billion credit firm Kennedy Lewis Investment Management.
John Brice, the former Kennedy Lewis chairman who left four years ago, is seeking a 15% stake in the company, according to people with knowledge of the matter. That could be worth at least $100 million, based on a conservative estimate of the valuation at which the firm has been pursuing a deal for a partial or complete sale.