BOCA RATON, Fla. — Kayne Anderson Real Estate, a Boca Raton-based private equity investor, has closed its fifth opportunistic equity fund, Kayne Anderson Real Estate Partners V.
The fund was oversubscribed, and reached its hard cap of $1.8 billion, not including capital from Kayne Anderson and its affiliates. It is the largest Kayne Anderson fund to date, with investors including pension funds, foundations, endowments, corporate institutions, high-net-worth individuals and family offices.
The new fund will seek investments across the seniors housing, student housing and medical office sectors. To date, more than 20 percent of the fund has already been deployed.