Kayne Partners Raises $385M For Oversubscribed Fourth PE Fund

Oct 25 2017 | 9:00pm ET

Kayne Anderson Capital Advisors’ growth equity affiliate Kayne Partners has raised $385 million in capital commitments for its fourth fund.
The new fund, named Kayne Partners Fund IV, was substantially oversubscribed and closed at its hard cap, the company said in statement. Like its predecessors, it will target security and compliance, supply chain and logistics, business and financial services, and media and telecom sectors through investments of $5 million - $30 million into lower middle market businesses in North America.
Fund IV is the largest since the strategy’s inception in 2002 and brings Kayne Partners’ total cumulative commitments to over $740 million. Three deals have already been made from the new vehicle.
Founded in 1984, Kayne Anderson Capital Advisors is among the oldest alternative investment managers in the U.S. The company focuses on niche investing in growth equity, upstream oil and gas companies, energy and infrastructure, specialized real estate, and both private credit and diversified liquid credit. It manages some $24.5 billion in assets as of September 2017 for institutional investors, family offices, high net worth and retail clients. 

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