Fund manager Kayne Anderson has reportedly raised $2.5 billion in commitments for a previously announced fund that will target a variety of real estate types, including senior living.
The company has closed on $2.5 billion for its latest fund, Kayne Anderson Real Estate Partners Fund VII, according to private equity real estate news publication PERE.
With the fund, Los Angeles-based Kayne Anderson is seeking to deploy between $10 million and $300 million spread across dozens of deals, PERE reported. The real estate company is reportedly targeting “needs-based” sectors including medical office, senior housing and student housing, as it has with past funds.
Kayne Anderson is with its latest fundraising round nearing the $3 billion goal it set when launching the fund last year. Other “soft-circled” commitments could propel the fund even higher than that target and closer to its $4 billion cap, according to PERE.
Kayne Anderson has “high conviction” in the senior living industry, according to Kayne Anderson Vice President of Marketing and Investor Relations Isaiah Moriarity, who declined to share more details about the latest fund raise when reached by Senior Housing News. The company has a positive outlook of the industry’s demographic demand ahead and the purchasing power of its potential resident base.
Kayne Anderson’s latest fund follows multiple others in recent years. In 2021, Kayne Anderson announced the closing of a $2.75 billion acquisition fund, which at the time represented its largest ever. One year later, the company closed its largest-ever debt fund totaling $1.9 billion.
In 2025 a variety of economic forces are pushing senior living investors to record activity, albeit through smaller deals than in the past. According to deal data from Irving Levin, the month of October alone saw 110 new publicly announced deals, representing a record month.
The post Kayne Anderson Raises $2.5B for Fund Targeting Senior Living, Other Property Types appeared first on Senior Housing News.
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