Bridgepoint Group said it has agreed to acquire Kayne Anderson Real Estate, a Boca Raton, Florida-based real estate investment business with about $22 billion in assets under management across equity and debt strategies, for an upfront enterprise value of about $1.393 billion.
The consideration consists of $759 million in cash and about 189 million newly issued Bridgepoint shares, with additional payments linked to management-fee related performance hurdles.
Bridgepoint said the transaction would add real estate as a fifth business line alongside private equity, credit, infrastructure and secondaries, and would increase the group’s assets under management to about $117 billion on a combined basis, compared with Bridgepoint’s reported $94.1 billion at Dec. 31, 2025.
The company said Kayne Anderson Real Estate focuses on specialist property segments including medical office, seniors housing, student housing, multifamily and light industrial, and that the combined platform is expected to have 48% of assets under management domiciled in the United States. Bridgepoint said the acquisition is expected to complete by the end of 2026, subject to shareholder approval, regulatory approvals and fund consents.