Teachers’ Retirement System of Louisiana has approved a $200m (€173.3m) commitment to Kayne Anderson’s core open-ended US real estate fund.
At the end of 2025, the Kayne Anderson Core Real Estate Fund, which completely avoids the four traditional property sectors of office, industrial, retail and apartments, held 73.9% of its portfolio in medical office, 14.7% in senior housing and 11.4% in student housing.
The fund, which currently has a net asset value of $3.27bn, has no redemption queue.
Kayne Anderson disclosed in a board meeting document that capital inflows into the fund have totalled approximately $1.5bn over the trailing six quarters.
The manager expects new incoming capital to be drawn down in no more than one quarter, supported by a near-term deal pipeline of approximately $1bn.
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