Nebraska Investment Council has made a $10 million follow-on commitment to Kayne Anderson Real Estate Partners VI (KAREP VI), according to a document from the pension fund’s June 10 meeting.
KAREP VI will primarily invest in healthcare-related real estate, such as medical offices and senior housing, and student housing. Kayne Anderson is targeting a fund size of $2 billion for the fund and has a $2.5 billion hard cap.
In December 2020, the council approved a $40 million investment in KAREP VI, an opportunistic fund managed by Kayne Anderson Real Estate.
Kayne Anderson has raised five other closed-end opportunistic funds in this series. The early funds in the series focused more on off-campus student housing, while the strategy in later funds expanded to include medical office and senior housing investments. Fund V investments consist of 85 percent healthcare
