Kirkland & Ellis represented Kayne Anderson Real Estate, an investment firm focused on alternative real estate asset classes with over $8 billion of assets under management, on the sale of a passive minority interest in its business to Goldman Sachs Asset Management's AIMS Petershill program. The firm will continue to be a part of Kayne Anderson Capital Advisors and operate under the direction of Al Rabil, Co-founder, Managing Partner and Chief Executive Officer, and David Selznick, Chief Investment Officer, with no changes to the management, funds or control of the business. Terms of the investment were not disclosed.
The Kirkland team was led by investment funds partner Jordan Murray and transactional partners Michael Reeves and Tana Ryan. The team also included transactional associates Michele Cumpston, April Larkin and Kristina Mooradian; tax partners Lee Morlock and Paul Patrow; investment funds partner Aaron Schlaphoff and associate Nathan Schuur; executive compensation partner Jack Stratton; employee benefits partner Elizabeth Dyer; and international trade and national security associate Luci Hague.