Real Estate: Kayne Anderson Raising $2 Billion for Sixth Fund 

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Kayne Anderson Capital Advisors is seeking to secure its sixth real estate fund by raising $2 billion.  The goal of this fund is to focus on investments in student housing, and has received support from the Teachers’ Retirement System of Louisiana.  This includes a $50 million investment in the fund.  

Strategy 

As a result of the Covid-19 pandemic, turbulent markets — particularly in student housing — could be attractive investments for Kayne Anderson.  Investments in this market could rise up to 20 percent for the firm.  This is a ten percent increase in student housing from the previous fund.  

The Kayne Anderson Real Estate Partners VI fund expects to have a 75 percent loan-to-value ratio with 2.5 percent of commitments as co-investments in the fund.  

About Kayne Anderson

Kayne Anderson is an alternative investment management firm focused on real estate, private equity, and infrastructure.  Kayne Anderon’s strategy includes sustainable business development and creating value for investors in the long run.  The firm focuses on undervalued or underserved areas and large markets.  The firm also manages its leverage carefully and avoids high-risk situations.  Another fundamental aspect of Kayne Anderson’s strategy is focusing on sustaining cash flow and growth in its investments.  More specifically, the firm has strategic partnerships in senior housing with Discovery Senior Living and the Freshwater Group.  In student housing, the firm aims to develop off-campus housing opportunities.  The fundamental strategy for these real estate markets is to invest where there is little capital and operational intensity through opportunistic equity funds. 

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