Bridgepoint grows US RE footprint with Kayne Anderson acquisition

Bridgepoint is set to acquire Kayne Anderson Real Estate for around $1.4bn (£1.06bn) as the firm builds out its US real estate debt and equity platform.

Following the acquisition, the combined business will manage approximately $117bn in assets across private equity, credit, infrastructure, real estate and secondaries, according to global middle-market alternatives investor Bridgepoint. Prior to the deal, the London-headquartered firm managed $98bn in assets.

The acquisition significantly increases Bridgepoint’s real estate exposure, particularly in the US, with real assets set to account for around half of the group’s assets under management.

Headquartered in Boca Raton, Florida, Kayne Anderson Real Estate manages $22bn in assets across US real estate debt and equity strategies, including medical offices, senior housing, student housing, multifamily housing and light industrial properties.

“Adding Kayne Anderson Real Estate creates a more balanced and diversified platform, with around half of our assets under management invested in real assets and around half of our management fees generated in the US,” said Raoul Hughes, chief executive of Bridgepoint.

Alongside expanding the firm’s real estate platform, the acquisition will also bring more than 115 new institutional investors, with limited overlap between the two firms’ existing limited partner bases.

Kayne Anderson Real Estate will continue to be led by co-founder and chief executive Al Rabil alongside its investment team, operating under the Kayne Bridgepoint brand, the firm 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 capitalise on this opportunity and support our continued growth,” said Rabil.

The transaction is expected to complete by the end of 2026, subject to shareholder approval, regulatory clearances and fund consents.