Kayne Anderson Raises Nearly $1.7 Billion for Property Debt Fund

Kayne Anderson’s real estate business secured nearly $1.7 billion in capital commitments for a new opportunistic debt fund.

Fundraising for Kayne Anderson Real Estate Opportunistic Debt II exceeded the firm’s original target of $1.5 billion, according to a statement Tuesday.

The new vehicle is the second opportunistic debt fund that the firm has raised, Al Rabil, chief executive officer of Kayne Anderson, said in an interview on Bloomberg TV.

Kayne Anderson is seeking to fill a financing gap in the real estate market created by a pullback by lenders in recent years. Property owners are facing a wall of maturing ...