Davidson Kempner Capital Management LP, a New York City-headquartered global institutional investment management firm, is planning to launch a fund dedicated to the commercial real estate sector.
According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” this will be the company’s first fund focused on real estate and would include both equity and debt. Davidson Kempner has roughly $37 billion of assets under its management and has previously invested in real estate, although in a standalone fund – the company’s other investment strategies encompass credit, equities and real assets including shipping, infrastructure and renewables.
Last July, the company closed its Davidson Kempner Opportunities Fund VI with $3 billion in capital commitments. That fund was designed to target investments in what the company defined as “less liquid, longer-duration situations arising from capital dislocations, motivated sellers, and substantial asset or structural complexity.”
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