Kayne Anderson Capital Advisors closed its Kayne CLO Partners Fund II with over $600 million of investable capital, which officials said is more than three times the size of its predecessor fund KCLOP I that closed in 2018.
The investment strategy is to allocate 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 investors in the latest fund included pensions, insurance companies, foundations and endowments, RIAs, family offices and high-net-worth investors.
“Kayne has quickly established itself as . . .
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