NEW YORK--(BUSINESS WIRE)--Kennedy Lewis Investment Management LLC ("Kennedy Lewis Investment Management"), a leading alternative asset manager focused on non-sponsored private credit, is pleased to announce the addition of 12 team members from Gibraltar Real Estate Capital (“Gibraltar”), a preeminent capital source for residential real estate development across the United States. This highly skilled team of professionals will be integrated into KL Servicers LLC, which focuses on asset monitoring, servicing, and due diligence for land banking investments.
As part of this transition, Gibraltar Co-founders Roger Brush and Michael Lapat will join Kennedy Lewis Investment Management as Managing Directors. In their new roles, Brush and Lapat, who built Gibraltar into a firm that executed $3.5 billion in transactions across 25 states, will focus on advancing Kennedy Lewis’ investments in homebuilding and land development.
“We are thrilled to welcome the Gibraltar team to Kennedy Lewis,” said Darren L. Richman, Co-Founder and Co-Managing Partner of Kennedy Lewis. “We have known Roger, Michael and their colleagues for many years and bringing them to the Kennedy Lewis platform is an incredible strategic and cultural fit. Their experience, relationships and expertise will significantly expand our ability to capitalize on attractive opportunities in the residential real estate sector. This is a prime example of our ability to grow our presence in the specialized, non-sponsored markets we serve following the recent investment from Petershill and we look forward to building on our strong momentum.”
“Joining Kennedy Lewis, a firm that has a strong reputation in the homebuilder finance sector thanks to its thoughtful approach and its leaderships’ long history in the space, was a logical next step for us,” said Roger Brush. “We look forward to collaborating with our new colleagues and leveraging our collective expertise to further solidify the firm’s position as a partner of choice for leading homebuilders and developers seeking flexible, well-structured capital solutions.”
About Kennedy Lewis Investment Management
Kennedy Lewis is an alternative credit manager founded in 2017 by David K. Chene and Darren L. Richman with approximately $16 billion under management across private funds, a business development company, and collateralized loan obligations. The firm seeks to deliver attractive risk adjusted returns for clients by investing across the credit markets through its opportunistic credit, homebuilder finance, core lending and broadly syndicated loan strategies.