Davidson Kempner Capital Management: Platform Profile

Overview

Davidson Kempner Capital Management LP is an independent global investment manager with roots in opportunistic and distressed investing.

Current legal identity:

• Legal adviser: Davidson Kempner Capital Management LP
• CRD: 155680
• SEC number: 801-72222
• SEC registered investment adviser: Yes

May fit better for

• institutions and qualified investors seeking event-driven multi-strategy exposure;
• investors interested in opportunistic credit and equity;
• investors seeking a manager operating across public and private markets;
• allocators comfortable with complex capital structures;
• investors evaluating private credit and asset-based lending;
• users who understand that vehicle terms vary.

May fit less well for

• investors seeking simple passive exposure;
• users expecting a public self-service brokerage product;
• investors who need daily liquidity across every strategy;
• users who want a single firmwide minimum or fee;
• investors uncomfortable with distressed, event-driven or illiquid situations;
• users who treat private-fund gross assets as investor NAV.

The firm dates to 1983

First-party disclosures show:

• Founded: 1983
• Founder: Marvin H. Davidson
• First external multi strategy fund: 1987
• Tony Yoseloff became sole Managing Partner: 2020

The firm states that its partners, managing directors, principals and employees as a group are substantial investors in each of its funds.

Current ownership disclosures show:

• Privately owned: Yes
• Partner owned: 100%
• External shareholders: No

Davidson Kempner publishes $40B+ of AUM

Current first-party approach page:

• Public AUM: $40B+
• Track record: 40+ years
• Offices: 8
• Investors: 1600+

The public AUM figure is rounded.

Regulatory AUM is $46.6B

Form ADV filings show:

• Regulatory AUM: $46.6B
• Regulatory AUM as of: 2026-04-01
• Regulatory accounts: 95
• Discretionary share: 100%

• Public AUM equals regulatory AUM: No

Different definitions and dates can produce different values.

The current platform is broader than distressed debt

Davidson Kempner identifies five broad strategy areas:

• Multi Strategy: Yes
• Corporates: Yes
• Opportunistic Credit and Equity: Yes
• Private Credit Asset Based Lending: Yes
• DK Solutions: Yes

The platform can invest across the capital structure in public and private markets.

Multi-Strategy has an event-driven emphasis and a global mandate. Corporate strategies include distressed and stressed situations, long/short credit and equity. Opportunistic Credit and Equity can include corporate investments, structured products, real estate, infrastructure and hard assets.

A current named master fund has a $3M minimum reference

Davidson Kempner International Master Fund Ltd. is a named hedge-fund vehicle reported on the April 1, 2026 Form ADV Schedule D.

Current vehicle disclosures show:

• Vehicle: Davidson Kempner International Master Fund Ltd.
• Vehicle type: Hedge Fund
• Gross asset value: $9.0B
• Gross asset value as of: 2026-04-01
• Minimum investment: $3M
• Investment Company Act exclusion: 3(c)(7)
• Master fund: Yes

The $3M amount is not a universal Davidson Kempner minimum.

Closed-end opportunity funds are separate products

Davidson Kempner announced the close of Davidson Kempner Opportunities Fund VI in 2023 with $3.0B of commitments.

Capital-preservation language is an objective

The firm describes downside protection, capital preservation and risk management as core parts of its process.

A distressed or opportunistic investment can lose capital.

Firmwide fees remain undisclosed

Assessment

Davidson Kempner is best understood as a flexible event-driven and opportunistic platform, not as one distressed-credit fund.

The two AUM figures should remain separate: $40B+ is the firm's rounded public figure, while $46.6B is a Form-ADV-derived regulatory measure dated April 1, 2026.

The $3M minimum is equally specific. It belongs to Davidson Kempner International Master Fund Ltd. It does not establish the minimum for every Davidson Kempner strategy, account or fund.