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Investors - JANUARY 11, 2018

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Hawaii commits $50m to Kayne Anderson fund

by Jody Barhanovich

The $15.6 billion Employees’ Retirement System of the State of Hawaii has committed $50 million to Kayne Anderson Real Estate Partners V, according to Vijoy Chattergy, CIO of the pension fund.

Kayne Anderson Real Estate Partners V, managed by Kayne Anderson Capital, is an opportunistic real estate fund that invests in medical office, senior housing and student housing throughout the United States. The fund opened in the second half of 2016 and is expected to close in the first quarter of 2018.

The fund has previously received commitments from additional investors, including the Teachers’ Retirement System of Louisiana and the San Bernardino County (Calif.) Employees’ Retirement Association.

The fund’s predecessor, Kayne Anderson Real Estate Partners IV, held a $1 billion final close in 2015, reaching its fundraising target.

HIERS has a target allocation to real esta

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