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Kayne Partners raises $385 mln for fund

Kayne Partners has closed its fourth growth private equity fund at a hard cap of $385 million. Kayne Partners Fund IV will target various sectors that include security and compliance, supply chain and logistics, business and financial services and media and telecom. Kayne will continue to make investments between $5 million and $30 million in lower middle market companies in North America that have $5 million to $40 million in revenue.


LOS ANGELES–(BUSINESS WIRE)–Kayne Partners announced the final close of its latest growth private equity fund, Kayne Partners Fund IV, L.P. (“Kayne Partners IV” or the “Fund”). Kayne Partners IV maintains the same focus as its three predecessor funds in providing growth capital to exceptional entrepreneurs and management teams of high growth enterprise software and technology-enabled businesses. The Fund is primarily focused on companies serving the security & compliance, supply chain & logistics, business & financial services, industrials, healthcare and media & telecom industries. Kayne Partners IV was closed at its hard cap of $385 million in limited partner commitments and was substantially oversubscribed. This brings Kayne Partners’ total cumulative commitments to over $740 million since inception.

“We are thrilled by the overwhelmingly positive market feedback we received from investors wanting access to high growth technology companies. This interest is an acknowledgement of our Kayne Partners’ investment strategy and a testament to the strength of our team,” said Dave Walsh, Managing Partner. “We are grateful for the trust and support from our existing long-time investors, and are excited to welcome a new group of premier LPs from the family office, registered investment advisor, and institutional investor communities,” said Walsh.

The new fund will be Kayne Partners’ largest since inception. The team will continue to invest $5 to $30 million in lower middle market companies with $5 to $40 million of revenue, primarily located across North America. Kayne Partners IV has already partnered with three management teams and has a strong pipeline of attractive investment opportunities. Each of the fund’s current portfolio companies has experienced management, a significant client base of blue-chip companies, and offers innovative solutions to real-world challenges.

About Kayne Anderson

Kayne Anderson Capital Advisors, L.P., (“Kayne”) founded in 1984, is a leading alternative investment management firm focused on niche investing in growth equity, upstream oil and gas companies, energy and infrastructure, specialized real estate, and both private credit and diversified liquid credit. Kayne’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 manages $24.5 billion in assets (as of 9/30/2017) for institutional investors, family offices, high net worth and retail clients and employs over 300 professionals in eight offices across the U.S.

Kayne Partners is the growth equity strategy of Kayne Anderson and has raised over $740 million of cumulative commitments since inception. The team has approximately 20 active portfolio companies focused on enterprise software and technology enabled services across North America.