Fundraising - JULY 19, 2017

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Kayne Anderson closes real estate debt fund

by Jody Barhanovich

Kayne Anderson Capital Advisors has closed Kayne Anderson Real Estate Debt II, raising $1.5 billion in total equity commitments and reaching its fundraising target, according to Caroline Lewittes, director, investor and public relations. The fund officially closed on June 30.

Kayne Anderson Real Estate Debt II, which opened in 2016, is a commercial real estate debt and securities platform that invests in debt and securities in Kayne Anderson’s targeted sectors, which include senior housing, student housing, multifamily and medical office.

With assets under management of $4 billion, of which $2.1 billion is Kayne Anderson Real Estate Equity Funds and $1.9 billion is Kayne Anderson Real Estate Debt Funds, Kayne Anderson’s investment objectives are to create strong risk-adjusted returns by focusing on current cash yield and increasing value through cash flow growth, while remaining sensitive to capital preservation.

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