The business development company plans to keep selling shares monthly as its portfolio nears $1.1 billion in fair value.

June 1, 2026

Kennedy Lewis Capital Company has disclosed updated per-share net asset values and a snapshot of its capital-raising progress, reporting an aggregate net asset value of roughly $744 million as of April 30, 2026.

Per-Share Valuations Hold Near $20

The Delaware-incorporated firm, which operates as a business development company, reported the following net asset value per share as of the end of April, all determined under its internal valuation policy:

• Class I common shares: $20.16
• Class S common shares: $20.12
• Class D common shares: $20.16

The company placed the fair value of its investment portfolio at approximately $1.11 billion. That figure sits well above its net asset value, a gap that reflects leverage and other obligations carried against the portfolio.

Offerings Top $664 Million

Kennedy Lewis is conducting a continuous public offering of up to $2.0 billion in shares. Separately, it has sold shares through a private placement that is exempt from registration under the Securities Act, relying on the exemption for transactions not involving a public offering.

Through the May 1, 2026 subscription date, the combined public and private offerings had brought in just over $664 million in total consideration across nearly 33 million shares issued:

• Public offering: about 17.3 million Class I shares raising roughly $349 million, with much smaller amounts from Class S and Class D shares.
• Private offering: about 15.6 million Class I shares contributing roughly $313 million, with no Class S or Class D shares sold through that channel.

Monthly Sales to Continue

The company said it intends to keep selling shares in the public offering on a monthly basis, signaling an ongoing effort to expand its capital base.

Kennedy Lewis also classifies itself as an emerging growth company under federal securities rules.