Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, has closed its sixth opportunistic equity fund with $2.75 billion in capital commitments. The fund, Kayne Anderson Real Estate Partners VI, was oversubscribed above the fund's original $2 billion target, making it the largest raised by Kayne Anderson Capital Advisors to date. 

KAREP VI will invest in medical office, seniors housing and student housing assets that require and benefit from specialized operational knowledge and expertise. The combination of both an aging US population and accelerating enrollments point to strong growth across each asset class, it said. 

With the fund's closing, KA Real Estate has completed over $23 billion of gross investments across its equity and debt strategies, and has invested in approximately 25 million square feet of medical office space, 17,400 seniors housing units, 50,000 student housing beds, and over 9,000 loans secured by assets across these target sectors, including two million multifamily units.