Kayne Anderson Capital Advisors closed its middle market credit fund, Kayne Senior Credit Fund III, with approximately $3 billion of investable capital comprised of limited partner commitments, separately managed accounts and leverage.
KSCF III exceeded its fundraising target, with strong support from existing investors and new domestic and international clients.
“We greatly appreciate the trust and support from 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.”