Fund supervisor Kayne Anderson has reportedly raised $2.5 billion in commitments for a beforehand introduced fund that can goal quite a lot of actual property sorts, together with senior dwelling.
The corporate has closed on $2.5 billion for its newest fund, Kayne Anderson Actual Property Companions Fund VII, in keeping with non-public fairness actual property information publication PERE.
With the fund, Los Angeles-based Kayne Anderson is looking for to deploy between $10 million and $300 million unfold throughout dozens of offers, PERE reported. The actual property firm is reportedly focusing on “needs-based” sectors together with medical workplace, senior housing and scholar housing, because it has with previous funds.
Kayne Anderson is with its newest fundraising spherical nearing the $3 billion objective it set when launching the fund final yr. Different “soft-circled” commitments might propel the fund even increased than that focus on and nearer to its $4 billion cap, in keeping with PERE.
Kayne Anderson has “excessive conviction” within the senior dwelling trade, in keeping with Kayne Anderson Vice President of Advertising and Investor Relations Isaiah Moriarity, who declined to share extra particulars in regards to the newest fund increase when reached by Senior Housing Information. The corporate has a optimistic outlook of the trade’s demographic demand forward and the buying energy of its potential resident base.
Kayne Anderson’s newest fund follows a number of others lately. In 2021, Kayne Anderson introduced the closing of a $2.75 billion acquisition fund, which on the time represented its largest ever. One yr later, the corporate closed its largest-ever debt fund totaling $1.9 billion.
In 2025 quite a lot of financial forces are pushing senior dwelling traders to document exercise, albeit via smaller offers than previously. In line with deal information from Irving Levin, the month of October alone noticed 110 new publicly introduced offers, representing a document month.
