Fundraising - MAY 15, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Kayne Anderson nears final close for third fund

by Andrea Waitrovich

Kayne Anderson Capital Advisors has planned a final close for its Kayne Anderson Real Estate Partners III (KAREP III) on May 31, 2013. The opportunistic vehicle seeks $700 million in equity commitments from investors to target off-campus student housing opportunities in the United States.

The firm held a first close in April, raising $675 million. The fund has not yet started to invest its capital.

Kayne Anderson’s prior fund, Kayne Anderson Real Estate Partners II (KAREP II), held a final closing of $575 million in October 2011, exceeding its initial target of $350 million. KAREP II was raised over the course of approximately one year, having held a first close in December 2010. Kayne Anderson

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy