Market Overview

Kayne Anderson Raises $3 Billion for Its Latest Middle Market Credit Fund


Kayne Anderson Capital Advisors, L.P. today announced the final close of
its middle market credit fund, Kayne Senior Credit Fund III, L.P. ("KSCF
III" or the "Fund"). The Fund was closed with approximately $3.0 billion
of investable capital comprised of limited partner commitments,
separately managed accounts and leverage. The Fund will continue Kayne
Anderson's successful strategy of providing privately originated secured
loans to middle market businesses in North America. KSCF III exceeded
its fundraising target, with strong support from existing investors and
new domestic and international clients, evidencing the strength of the
direct lending platform.

"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

"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."

Mike Levitt, CEO of Kayne Anderson, said, "Kayne has built a first-class
credit platform managing over $7.0 billion in credit assets with
capabilities across middle market direct lending, CLOs, real estate
debt, opportunistic solutions, energy infrastructure and broadly
syndicated credit strategies."


Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading
alternative investment management firm focused on niche investing in
upstream oil and gas companies, energy and infrastructure, specialized
real estate, growth equity and both private credit and diversified
liquid credit. Kayne Anderson'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 Anderson manages $29 billion in assets (as of 7/31/2018)
for institutional investors, family offices, high net worth and retail
clients and employs over 300 professionals in eight offices across the

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