London-listed mid-market investor Bridgepoint Group plc has struck a deal to acquire Kayne Anderson Real Estate for an upfront enterprise value of approximately $1.393 billion. The transaction forms a central part of the company strategy to expand its international private markets platform. The deal will be financed via $759 million in cash alongside roughly 189 million newly issued Bridgepoint shares, with additional payments tied to future performance milestones.

Based in Boca Raton, Florida, Kayne Anderson Real Estate manages around $22 billion in assets across equity and debt strategies. Founded in 2007, the specialist firm targets high-demand US sectors such as medical offices, student housing, senior living, multifamily housing and light industrial units. Its most recent flagship equity fund, KAREP VII, concluded fundraising in May 2026 after securing $5.12 billion in total commitments.

The acquisition allows Bridgepoint to introduce real estate as its fifth distinct investment vertical. This addition will increase the group total assets under management to approximately $117 billion across its private equity, credit, infrastructure, secondaries and real estate businesses. Real assets will subsequently account for nearly half of the joint platform portfolio, creating a geographically balanced footprint split between the US and European markets.

Following the buyout, the American business will operate under the new Kayne Bridgepoint brand. Co-founder and chief executive Al Rabil will remain at the helm alongside his current management and investment teams to ensure continuous client service. The transaction brings over 115 new institutional investor relationships to the group with minimal client overlap between the two firms.

The transaction is expected to close at the end of 2026, subject to standard fund consents, regulatory approvals and shareholder backing. Advisors on the deal included Moelis & Company, Goldman Sachs and Simpson Thacher & Bartlett for Bridgepoint, while Evercore and Kirkland & Ellis represented Kayne Anderson Real Estate.

Raoul Hughes, Chief Executive of Bridgepoint, said: “This marks another major step forward in our strategy to strengthen our position as a leading global middle-market private markets platform. 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. The transaction is highly complementary and immediately accretive. 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 US.”

“Importantly, Kayne Anderson Real Estate is an outstanding cultural fit. We share an entrepreneurial mindset, a commitment to investment excellence and a long-term approach to building businesses. We look forward to working alongside Al and the Kayne Anderson Real Estate team to continue delivering for clients and growing the platform together.”

Tim Score, Chair of Bridgepoint, said: “Kayne Anderson Real Estate is a high-quality business with an outstanding management team, a strong track record and leading positions in attractive areas of the US real estate market. The Board has been highly selective in its approach to strategic acquisitions, and we believe Kayne Anderson Real Estate is an exceptional fit for Bridgepoint.

“The transaction strengthens the quality and diversification of the Bridgepoint Group’s earnings, broadens our capabilities and enhances our long-term growth prospects. We are confident it will further strengthen Bridgepoint’s position in global private markets.”

Al Rabil, Co-Founder and Chief Executive Officer of Kayne Anderson Real Estate, said: “For the last 20 years, we have built a scaled real estate platform focused on mission-critical alternative sectors where we believe long-term fundamental tailwinds and operational complexity create compelling investment opportunities. 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.”