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Kayne Anderson Private Credit Closes Fourth U.S. Middle Market Senior Credit Fund

April 27, 2022, 07:54 AM
Filed Under: Private Equity News

Kayne Anderson Private Credit ("KAPC"), the middle market private credit group of Kayne Anderson Capital Advisors, L.P., successfully closed the firm’s fourth middle market senior credit fund, Kayne Senior Credit Fund IV ("KSCF IV"). Over the last two years, KAPC has now raised over $4.5 billion of investable capital across Kayne Senior Credit Fund IV & IV-B, two private business development companies ("BDC"), separately managed accounts and other vehicles investing alongside the fund from a diverse group of leading institutional and individual investors including insurance companies, pension funds, foundations and endowments, family offices, and ultra-high-net worth.

"Kayne Anderson’s private credit platform continues to grow with new product offerings for our investors and the continued ability to offer reliable capital solutions to our clients," said Doug Goodwillie, co-head of Kayne Private Credit. "Throughout our history, we have customized numerous vehicles and structures for various client types, inclusive of insurance, high-net worth, endowment, offshore and pension investors to most efficiently address tax, ERISA, NAIC ratings and other considerations. We are excited about the recent closing of this fund and customized SMA/ fund-of-one structures so that we can work with investors to provide superior risk-adjusted returns in a structure that best fits our clients’ needs."

Ken Leonard, co-head of Kayne Anderson Private Credit commented, "We appreciate our limited partners continued confidence in us. Over the last ten years at Kayne, we have successfully grown our platform into one of the leading providers of senior secured capital. The team now has 30 professionals in Chicago and New York and had a record year in 2021 having invested over $2.0 billion into 58 companies."

Al Rabil, CEO of Kayne Anderson Capital Advisors said, "While we continue to believe that private credit is an attractive risk-adjusted asset class in all environments, we think it is particularly well suited to today’s challenges given the floating rate nature of the investments, high current income and senior secured position in the capital structure."

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