Kayne Anderson Real Estate has closed its Kayne Anderson Real Estate Opportunistic Debt II (KAROD II) with $1.685 billion in aggregate capital commitments, surpassing its original target of $1.5 billion.
The firm received broad institutional support from a diverse group of new and existing investors, and with this final close, Kayne Anderson Real Estate now has more than $4.6 billion in dry powder available to deploy across its debt and equity strategies.
KAROD II seeks to generate strong, risk-adjusted returns, leveraging Kayne Anderson Real Estate's specialized knowledge, deep industry relationships and sourcing advantages across medical office, senior housing, multifamily and student housing. The fund will opportunistically pursue attractive commercial real estate debt investments and execute on opportunities in secondary market purchases of Freddie Mac structured products, loan purchases and CMBS. This fundraise builds on Kayne Anderson Real Estate's recent momentu
