Kite Lake raises $700m, closes fund to new investors

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Kite Lake raises $700m, closes fund to new investors

hedgeweek

3 months ago

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London-based hedge fund Kite Lake Capital Management has secured approximately $700m in new capital. The firm briefly reopened its flagship KL Special Opportunities Fund for subscriptions before closing it again, according to a report by Bloomberg.
The report cites a company spokesperson saying saying that the inflows, which came from over 70 existing and new investors, increased Kite Lake’s total assets under management to around $3.5bn, with the flagship fund now accounting for $2.75bn.
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