Kayne Anderson Real Estate has raised $2.75bn (€2.4bn) for its sixth opportunistic equity fund.
The manager said the amount raised for the Kayne Anderson Real Estate Partners VI (KAREP VI) fund exceeded its original $2bn target.
The oversubscribed fund received support from existing investors as well as significant interest from a diverse base of new investors, the manager said, adding that the amount raised for KAREP VI is the largest raised by Kayne Anderson to date.
The previous fund, KAREP V raised $1.8bn in May 2018.
KAREP VI will invest in high-quality medical offices, seniors housing and student housing assets that require and benefit from specialised operational knowledge and expertise.
Al Rabil, CEO of Kayne Anderson Capital Advisors and co-founder and CEO, Kayne Anderson Real Estate, said: “We are extremely pleased to have closed our largest opportunistic equity fund to date, and the tremendous support from new and existing investors alike is a testament to our long-term investment strategy, continued outperformance and commitment to the core alternative sectors where we have outsized knowledge and operational expertise.”
To read the digital edition of the latest IPE Real Assets magazine click here.
No comments yet