Deep Dive into Non-Sponsor Private Credit – Kennedy Lewis Investment Management – 11.12.24

Summary:

As private credit becomes a larger allocation in many portfolios, it is important to consider different strategies within the asset class. This webcast explores differences between sponsor-backed and non-sponsor direct lending and how inclusion of both strategies can provide valuable diversification within private credit.

Kennedy Lewis is a ~$16B+ institutional alternative investment manager founded in 2017 by David Kennedy Chene, former Managing Director at CarVal Investors and Darren Lewis Richman, former Senior Managing Director at Blackstone – specializing in Opportunistic Credit, Core Lending, Homebuilder Finance, and CLO’s. We currently work with 500+ institutional LP’s and over the last couple years we’ve started to expand in the private wealth market.

Accepted for 1 CFP^® / IWI / CFA CE Credit

Speakers:

Doug Logigian joined Kennedy Lewis in 2020 and is a Co-Managing Partner and the President of the Firm. Mr. Logigian serves on the Firm’s Investment Committee as well as the Executive Committee. Mr. Logigian was formerly a Senior Managing Director with Blackstone from 2006 to 2019. He was the Head of Capital Markets and a Portfolio Manager for GSO Capital Partners, and he sat on the Investment Committee for GSO’s special situation-oriented funds. Mr. Logigian also served on Blackstone’s Capital Markets Committee. Prior to his portfolio management responsibilities, Mr. Logigian served as the Head Trader across the GSO alternatives platform, where he oversaw the operations of the trading desk and transacted in all of the asset classes in which GSO trafficked. Prior to joining GSO in 2006, Mr. Logigian worked as an Associate at Citibank where he was responsible for managing a book of high yield cash bonds and credit default swaps on the Credit Trading Desk. While at Blackstone, Mr. Logigian served on the Board of Directors for Seneca Mortgage.

Mr. Logigian received a BA with honors from Harvard University.

Josh Smith joined Kennedy Lewis in 2019 and is a Managing Director and the Chief Risk Officer. Mr. Smith is responsible for monitoring and analyzing investment risk across the platform, including significant focus on macroeconomic factors that inform portfolio strategy and construction. Mr. Smith was formerly Chief Risk Officer with GSO Capital Partners, (a division of Blackstone now known as Blackstone Credit), where he worked from 2008 to 2019. At GSO he managed a team of 20 across Dublin and New York and was responsible for leading the firm’s Quantitative Portfolio Analytics, Portfolio Compliance and Risk Management efforts. Prior to GSO, he spent 10 years in technology designing, developing, and implementing financial systems for the corporate and public sectors. From 1994 to 1997 he was a calculus teacher at Delbarton School in New Jersey.

Mr. Smith received a BS in Mathematics and Economics from Williams College and a Masters in Financial Engineering from Columbia University in 2008. He is a CFA charterholder.