Kayne Anderson Real Estate raises $2.75b for opportunistic equity, firm’s largest fund

Kayne Anderson Real Estate (KA Real Estate), the real estate private equity arm of Kayne Anderson Capital Advisors, has closed its sixth opportunistic equity fund, Kayne Anderson Real Estate Partners VI (KAREP VI), with $2.75 billion in capital commitments, significantly above the fund’s original $2 billion fundraising target. The substantially oversubscribed fund, which is the largest raised by Kayne Anderson Capital Advisors to date, received strong support from existing investors as well as significant interest from a diverse base of new investors.

Building on KA Real Estate’s unmatched track record in targeted real estate asset classes, KAREP VI will invest in high-quality medical office, senior housing and student housing assets that require and benefit from specialized operational knowledge and expertise. The combination of an aging U.S. population and accelerating university enrollments indicate strong growth characteristics across each asset class, and KA Real Est