Kayne Anderson Real Estate closes opportunistic real estate debt fund above target at $1.7b

6/18/2025

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IREI

• Subcategory: Capital Markets: Debt, Capital Markets: Equity, Capital Markets: Fund

• Tag: Closing | New Fund

• Additional Filters-Subcategory: Capital Markets: Fund-Debt, Capital Markets: Fund-Opportunistic

• Company: Kayne Anderson Capital Advisors

Kayne Anderson Real Estate has closed its Kayne Anderson Real Estate Opportunistic Debt II (KAROD II) with $1.685 billion in aggregate capital commitments, surpassing its original target of $1.5 billion.

The firm received broad institutional support from a diverse group of new and existing investors, and with this final close, Kayne Anderson Real Estate now has more than $4.6 billion in dry powder available to deploy across its debt and equity strategies.