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Alternative Market Briefing

Largest-ever Kayne Anderson debt fund closes at $1.9bn

Friday, May 13, 2022

Laxman Pai, Opalesque Asia:

Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson Capital Advisors, has closed its largest debt fund to date with $1.875 billion in capital commitments.

The fourth flagship debt fund, Kayne Anderson Real Estate Debt IV (KARED IV), is aimed at proprietary investment opportunities in a variety of real estate asset classes, including senior living.

The fundraise, having received strong support from a diverse group of existing and new investors, surpassed its original target of $1.5 billion, said a press release from the real estate private equity investor in a medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage.

The fund will target opportunities in Freddie Mac structured products, direct loan originations, and purchases. In addition to senior living, the fund will also cover multifamily, student housing, medical office, and self-storage facilities.

"KARED IV seeks to generate risk-adjusted returns in structured real estate finance, leveraging KA Real Estate's deep industry relationships and unmatched track record in targeted real estate asset classes," said the release.

"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, KA Real Estate. "KARED IV is well-positioned to provide liquidity for borrowers whil......................

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