Iowa Public Employees puts $150m in Kayne Anderson’s largest debt fund to date

The Iowa Public Employees Retirement System (IPERS) has invested $150 million in Kayne Anderson Real Estate Debt IV (KARED IV), which held its $1.875 billion final close in May.

Backed by a diverse group of existing and new investors, KARED IV surpassed its original target of $1.5 billion, becoming Kayne Anderson’s largest debt fund to date.

The fund will execute on proprietary investment opportunities in Freddie Mac structured products and direct-loan originations, as well as purchases across targeted sectors including multifamily and student housing, medical office, seniors housing and self-storage.

IPERS has a 7.5 percent target allocation to private real assets, which includes real estate.

For more information about this commitment and others, visit the