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Kayne Anderson holds $1.8b final close for fifth fund
Fundraising - MAY 31, 2018

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Kayne Anderson holds $1.8b final close for fifth fund

by Jody Barhanovich

Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, has held a final close for its fifth opportunistic fund, Kayne Anderson Real Estate Partners V (KAREP V), at its hard cap of $1.8 billion.

The fund is the firm’s largest to date and includes capital commitments from a diverse group of investors including institutions, high-net-worth individuals and family offices. Some of these investors include the Texas Permanent School Fund, which committed $75 million to the Kayne fund; the Arkansas Teacher Retirement System, which committed $25 million; and the Employees’ Retirement System of the State of Hawaii, which committed $50 million.

KAREP V will invest in opportunities across seniors housing, medical office and student housing.

The predecessor fund in the series, Kayne Anderson Real Estate Partners IV, held a $1 billion final close in 201

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