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Fundraising - MAY 11, 2022

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Kayne Anderson closes its largest debt fund to date

by Kali Persall

Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson Capital Advisors, has closed its fourth flagship debt fund, Kayne Anderson Real Estate Debt IV (KARED IV), with $1.875 billion in capital commitments.

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

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

“As real estate markets continue to respond to market dislocation, lending standards remain historically conservative, particularly in niche asset classes,” said David Selznick, CIO of KA Real Estate. “KARED IV is well positioned to provide liquidity for borrowers while continuing to leverage

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