Kayne Anderson Real Estate—Kayne Anderson Capital Advisors' CRE investment division—closed a fourth debt fund for its debt platform, KA Real Estate Debt.
The fund was originally targeted to bring in $1.5 billion in investments, but it brought in commitments for $1.875 billion.
The new fund, Kayne Anderson Real Estate Debt IV, "seeks to generate risk-adjusted returns in structured real estate finance, leveraging KA Real Estate's deep industry relationships and unmatched track record in targeted real estate asset classes," the company says. The investments will be split between Freddie Mac structured products like bonds and "direct loan originations and purchases across targeted sectors including multifamily and student housing, medical office, seniors housing and self-storage."
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