News & Insights

Kayne Anderson Raises $3 Billion for its Latest Middle Market Credit Fund

August 23, 2018

CHICAGO, IL – Kayne Anderson Capital Advisors, L.P. today announced the final close of its middle-market credit fund, Kayne Senior Credit Fund III, L.P. (“KSCF III” or the “Fund”). The Fund was closed with approximately $3.0 billion of investable capital comprised of limited partner commitments, separately managed accounts and leverage. The Fund will continue Kayne Anderson’s successful strategy of providing privately originated secured loans to middle-market businesses in North America. KSCF III exceeded its fundraising target, with strong support from existing investors and new domestic and international clients, evidencing the strength of the direct lending platform.

“We greatly appreciate the trust and support of our investors. We continue to execute on a proven lending strategy providing capital to middle-market borrowers with sustainable business models and cash flows,” said Doug Goodwillie, Managing Partner of Kayne Middle Market Credit.

“Since KSCF III’s initial close in March 2017, Kayne has committed over $1.4 billion to 40 investments,” said Ken Leonard, Managing Partner of Kayne Anderson Middle Market Credit. “The success of this raise allows us to better service our clients by being able to utilize our balance sheet to underwrite and close a broader spectrum of transactions. We are fortunate to have built an impressive team of over 20 professionals in Chicago and NYC that enable us to continue to source and underwrite credit investments with superior risk-reward dynamics.

Mike Levitt, CEO of Kayne Anderson said, “Kayne has built a first-class credit platform managing over $7.0 billion in credit assets with capabilities across middle market direct lending, CLOs, real estate debt, opportunistic solutions, energy infrastructure, and broadly syndicated credit strategies.“.

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on niche investing in upstream oil and gas companies, energy and infrastructure, specialized real estate, growth equity and both private credit and diversified liquid credit. Kayne Anderson’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. Kayne Anderson manages $29 billion in assets (as of 7/31/2018) for institutional investors, family offices, high net worth and retail clients and employs over 300 professionals in eight offices across the U.S.