Collateralized Loan Obligations
A structured credit strategy managed through Kennedy Lewis Loan Management (KLLM), focused on diversified exposure to broadly syndicated senior secured loans. The CLO platform combines rigorous credit selection, active portfolio management, and disciplined risk oversight to deliver stable, income-oriented performance across market cycles.
Investing with Perspective
Through its affiliate, Kennedy Lewis Loan Management, the firm manages CLOs backed by senior secured loans to large, established corporations. The strategy applies the same disciplined credit philosophy that guides Kennedy Lewis’s broader platform, combining careful loan selection, robust risk management, long-term investment horizons, liquidity focus, and thoughtful portfolio construction.
Each CLO is designed to maintain a balance between opportunity and protection, reflecting the firm’s commitment to consistency, transparency, and strong credit fundamentals. With a decade-long track record and a 17-person team with extensive experience through multiple credit cycles, KLLM brings institutional expertise and real-time market insight to every portfolio.
Investment Approach
Kennedy Lewis Loan Management follows a disciplined and repeatable process that spans idea generation, fundamental credit analysis, investment decision-making, and active risk management. Portfolios are constructed to balance credit quality, yield, and diversification, with an emphasis on first-lien, senior-secured exposure that demonstrates resilience across market cycles.
This consistent, research-driven approach reflects Kennedy Lewis Investment Management’s broader philosophy: disciplined investing, careful structure, and continuous attention to evolving credit conditions.
Loan Characteristics
The loans underlying KLLM’s CLO portfolios are carefully selected to reflect the platform’s focus on credit strength and diversification.
Loan Type
Predominantly first-lien, senior secured, floating-rate corporate loans
Borrower Profile
Large, diversified issuer
Credit Quality
Emphasis on upper-tier single-B and BB-rated credits with strong covenant structures
Portfolio Composition
Broadly syndicated exposures across industries, designed to limit idiosyncratic risk
Liquidity Focus
Preference for loans that trade actively, supporting dynamic risk management and portfolio optimization
Integrated Platform Advantage
As part of the broader Kennedy Lewis Investment Management platform, the CLO business benefits from shared credit insight, sector expertise, and sourcing connectivity across Opportunisitic Credit and Core Lending strategies. This integration enhances KLLM’s market visibility and supports data-driven portfolio construction, informed by the firm’s cross-cycle credit perspective and continuous collaboration among investment teams.
Strategy Snapshot
Strategy Type
STRUCTURED CREDIT VEHICLES MANAGED THROUGH KENNEDY LEWIS LOAN MANAGEMENT
Investment Focus
BROADLY SYNDICATED, SENIOR SECURED CORPORATE LOANS
Borrower Profile
LARGE, ESTABLISHED CORPORATIONS WITH DIVERSIFIED OPERATIONS AND STABLE EARNINGS
Our Edge
EXPERIENCED CLO MANAGERS LEVERAGING INSTITUTIONAL CREDIT EXPERTISE, PROPRIETARY TECHNOLOGY, AND ACTIVE OVERSIGHT TO ACHIEVE CONSISTENT, CYCLE-AWARE EXPOSURE TO CORPORATE CREDIT