Bridgepoint to Acquire Kayne Anderson Real Estate in U.S. CRE Push

London-based private equity firm Bridgepoint Group said Monday it has agreed to acquire Kayne Anderson Real Estate (KARE) from Kayne Anderson Capital Advisors in a cash-and-stock deal valued at $1.393 billion. The acquisition marks a major step forward for Bridgepoint in establishing its U.S. real estate presence.

Headquartered in Boca Raton, FL, KARE has approximately $22 billion in assets under management. Its latest flagship fund, KAREP VII, closed last month at $5.12 billion. KARE’s real estate strategy will comprise a fifth vertical for Bridgepoint, joining private equity, credit, infrastructure and secondaries.

“This marks another major step forward in our strategy to strengthen our position as a leading global middle-market private markets platform,” said Raoul Hughes, CEO of Bridgepoint. “Real estate is a growing private markets asset class and Kayne
Anderson Real Estate has built a leading position as a scaled specialist with an exceptional track record and strong fundraising
momentum.

“Bridgepoint’s and Kayne Anderson Real Estate’s investor networks have limited overlap, creating attractive opportunities to broaden relationships and enhance fundraising. Adding Kayne Anderson Real Estate creates a more balanced and diversified platform, with around half of our AUM invested in real assets and around half of our management fees generated in the U.S.”

At KARE, co-founder and CEO Al Rabil said, “We are in the beginning of a super cycle for the alternative real estate sectors on which we focus, and joining together with Bridgepoint provides additional global resources to capitalize on this opportunity and support our continued growth. Importantly, this partnership allows us to preserve our culture and investment approach while continuing to manage the business as we always have. We are deeply grateful to our investors and look forward to building on
our long track record of delivering strong risk-adjusted returns.”

Bridgepoint was advised by Moelis & Company (lead financial adviser), Goldman Sachs (capital markets adviser) and Simpson Thacher & Bartlett (legal adviser). BNP Paribas, JP Morgan and Morgan Stanley are acting as joint corporate brokers to Bridgepoint. KARE was advised by Evercore (lead financial adviser) and Kirkland & Ellis (legal adviser). The deal is expected to close by the end of 2026.