The Los Angeles Fire and Police Pensions (LAFPP) has committed $60 million to Kayne Anderson Real Estate Partners VII.
Kayne Anderson Real Estate Partners VII is a closed-end, value-added fund which invests in senior housing, medical office and student housing in the United States. With an initial fundraising goal of $3 billion, the firm has held a final close with $5.12 billion for the fund, which marks the largest opportunistic equity fund in the firm’s history. Kayne Anderson Real Estate Partners VI, its predecessor, raised $2.8 billion.
LAFPP had $35.9 billion in total assets under management, as of March 31. As of Dec. 31, 2025, the public pension fund had a 10 percent real estate allocation target with $3.2 billion in total real estate assets.
