Fundraising - APRIL 12, 2013

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Kayne Anderson raises $675 million for opportunistic fund

by Sara Kassabian


Kayne Anderson Capital Advisors has raised $675 million for Kayne Anderson Real Estate Partners III. Kayne Anderson Real Estate Partners III, which invests in student housing, launched in January 2013 with $700 million fundraising goal and a hard cap of $750 million.. The fund is expected to hold its final close in May 2013.

Kayne Anderson Capital Advisors declined to comment on fundraising activities. 

Investors in the fund include high-net-worth family offices and institutional investors. The fund will invest with an opportunistic strategy in off-campus student housing properties, primarily focused in the United States. The fund has not yet started to invest its capital.

The fund’s predecessor, Kayne Anderson Real Estate Partners II, closed with $575 million, and followed the same investment strategy.

Kayne Anderson Capital Advisors is based in Armonk, N.

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