Kayne Anderson Real Estate, the investment arm of Los Angeles-based Kayne Anderson Capital Advisors L.P., has closed its fourth debt fund after receiving $1.875 billion in capital commitments. The Kayne Anderson Real Estate Debt IV (KARED IV) fundraising surpassed its $1.5 billion goal and will be used toward proprietary products structured under Freddie Mac, direct-loan originations and acquisitions across several real estate sectors including medical offices, multi-family, senior and student housing, and self-storage, according to a press release.
“We are very excited to have closed KARED IV, our largest debt fund to date, and are grateful for the continued support from our investors as we continue to grow our platform,” said Al Rabil, CEO.
“As real estate markets continue to respond to market dislocation, lending standards remain historically conservative, particularly in niche asset classes,” said David Selznick, chief investment officer. “KARED IV is well-positioned to provide liquidity for borrowers while continuing to leverage the firm’s longstanding relationship with Freddie Mac to source and acquire stabilized, attractive bond issuances.”
Since its inception, the Kayne Anderson Real Estate debt platform has raised more than $7 billion in commitments, the release stated. The company has $14 billion in assets under management including opportunistic and core equity and real estate debt.
Founded in 1984, Kayne Anderson Capital Advisers is an independent, alternative-investment management firm specializing in credit, energy infrastructure, growth-capital sectors and real estate.
Source: PR Newswire, Kayne Anderson Real Estate Closes Latest Debt Fund Above Target at $1.875 Billion