Davidson Kempner Capital Management

Last week, Women@DK New York was delighted to host an evening out on Broadway to watch SIX, the pop musical sensation with an all-female cast. ? The intimate gathering brought together women from across DK’s NYC teams to watch the six wives of Henry VIII perform a modern retelling of history. Thank you to Women@DK and Suzanne Gibbons, our Partner Sponsor, for hosting a wonderful evening of conversation and theater.

Each year, Diwali is recognized across the world as a time for joy, reflection and celebration. From all of us at Davidson Kempner, we wish you a bright and joyous Diwali!

We are pleased to announce the completion of the $1 billion+ debt restructuring of JBF Group, a leading producer of polyester resins and films used in packaging, with manufacturing plants in the United Arab Emirates, Bahrain and Belgium. Learn more here:?https://lnkd.in/gm8ejuWg

“Asia is frankly just too big to ignore. We've never approached this market as a trade. It's been a business that we've been investing in over the last 15 years.” ? Pat Dennis, our Co-Deputy Managing Partner, discusses how Davidson Kempner’s participation in Asia's markets focuses on deepening our understanding of jurisdictional dynamics, forging constructive relationships with trusted borrowers, and building long-standing counterparty partnerships across the region. Hear Pat’s insights from the Milken Institute Asia Summit panel, "Riding the Waves of Credit: Strategies for an Uncertain Future." #MIGlobal

Meet Igal Nassi, a Principal in our NYC office and the lead for our Global Transactions & Finance Technology team. After a decade working in?global fund services within an investment bank, Igal was drawn to Davidson Kempner’s entrepreneurial culture. For Igal, the power of DK comes from a genuine willingness to listen and solicit the perspectives of the smart people across the Firm, which leads to truly collaborative decision-making.? ? When Igal’s away from his desk, you can find him spending time with his family, jamming on his guitar, composing new melodies, playing tennis, and hitting the ski slopes. ? Learn more about careers at Davidson Kempner: https://lnkd.in/epECqUaR

Private credit default rates are rising. Across consumer credit, corporate credit and commercial real estate, we are seeing indicators of challenges in performance. But from a severity perspective, what’s bubbling under the surface in private credit is one of the biggest risks in the market that we are trying to evaluate today. Pat Dennis, our Co-Deputy Managing Partner, discusses how Davidson Kempner is focused on identifying private credit opportunities with a greater margin of safety against the backdrop of?defaults ticking up to 3% - 5%. Hear Pat’s insights from the Milken Institute Asia Summit panel, "Riding the Waves of Credit: Strategies for an Uncertain Future." #MIGlobal

It was a pleasure returning to the 2024 Milken Institute Asia Summit, where Davidson Kempner’s Co-Deputy Managing Partner Pat Dennis discussed his outlook for credit markets on the panel “Riding the Waves of Credit: Strategies for an Uncertain Future.” ? Pat spoke about how he sees Asia’s credit markets developing, the key opportunities and risks, as well as the importance of local knowledge and an on-the-ground presence to source compelling opportunities in the region. ? Special thanks to Bloomberg Intelligence’s Sharon Chen for moderating the discussion and to Milken Institute for organizing the summit. #MIGlobal??

“I think we have a huge opportunity to be a capital solutions provider. If you’ve looked at what’s happened in the market with rates, there’s going to be an opportunity for us to step in and provide more junior or mezzanine-type capital to help de-lever or extend the runway for our partners.” ? Meet Gregory S. Feldman, a Partner in our U.S. Corporates team. Based in our New York office, Greg tells us about his role, the key differentiators of Davidson Kempner’s investment approach, and what excites him about the opportunity set ahead.

Tony Yoseloff, Davidson Kempner’s Managing Partner and Chief Investment Officer, recently shared his outlook on the evolving credit landscape during the inaugural NYU Stern School of Business Restructuring Symposium in New York. ? From the cyclical nature of credit to navigating the wall of maturities and identifying opportunities in distressed real estate, Tony outlined the key themes that will shape the industry in the coming years. ? A special thanks to Sujeet Indap for moderating the discussion, and to the Creditor Rights Coalition and LSTA for organizing this insightful event. ? Read Tony’s key takeaways below.

We are pleased to announce a partnership with WorkHub Developments ? on a strategic investment. WorkHub is a fully vertically-integrated real estate development company focused on flexible small bay industrial properties. ? This strategic investment will position WorkHub to continue capitalizing on increased demand in the flexible light industrial sector while simultaneously expanding into attractive new markets and opportunities.? ? Read the full press release here:? https://lnkd.in/gN2yDM39