Kayne Anderson closes fundraising for Kayne CLO Partners Fund II

By Cady Vishniac

Detroit, Jan. 7 – Kayne Anderson Capital Advisors, LP has closed fundraising for Kayne CLO Partners Fund II, according to a press release.

The CLO reached its hard cap of $500 million, and when including employee capital and a separate account, there is more than $600 million of investable capital. It is more than three times the size of its predecessor fund, Kayne CLO Partners Fund I, which closed in 2018.

The fund invests in majority stakes in Kayne-managed CLO equity and warehouse facilities, as well as tradable stakes in externally managed CLO equity and mezzanine debt. The CLO received commitments from limited partners across public and corporate pension plans, insurance companies, foundations and endowments, RIAs, family offices and high-net worth investors.

Kayne Anderson is an alternative asset management firm based in Los Angeles.

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