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Davidson Kempner Closes on New $1.75 Billion Fund

This is the multistrategy firm’s fourth long-term distressed fund, which will invest in corporate debt and equity, real estate, and other assets.

       Copyright: Warakorn/Bigstock Davidson Kempner Capital Management has raised $1.75 billion for a new long-term distressed fund, according to sources familiar with the firm. The capital raising for the fund — Davidson Kempner Long-Term Distressed Opportunities Fund IV — is now closed. The firm exceeded the amount it said it was targeting

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