Richard Kayne | $1B+
Get in touch with Richard Kayne | Richard Kayne, cofounder and CEO of Kayne Anderson Capital Advisors, built one of the leading U.S. alternative investment firms focused on real assets, with deep expertise in energy infrastructure, real estate, and credit. Since founding Kayne Anderson in 1984, Kayne has guided the firm through multiple market cycles by emphasizing asset-backed investing, disciplined underwriting, and long-term partnerships with operators. Under his leadership, the platform expanded across private equity, direct lending, and public market strategies tied to essential infrastructure. Kayne’s career reflects a long-horizon approach to capital deployment in sectors where durability and cash flow matter most.
Richard Kayne is an American billionaire investor best known as the co-founder and co-chairman of Kayne Anderson Capital Advisors, an alternative investment management firm he established in 1984 that manages $38 billion in assets as of March 2025 and ranks as the largest investor in U.S. energy pipelines.[1][2]
Born in 1945, Kayne earned a B.S. in statistics from Stanford University in 1966 and an M.B.A. from UCLA in 1968.[1][3] He began his career in the mid-1960s as an analyst at Loeb, Rhodes & Co. in New York before joining Cantor Fitzgerald as a principal, where he managed private client accounts, a hedge fund, and the firm's capital.[3] In 1984, Kayne co-founded Kayne Anderson Capital Advisors with John E. Anderson, focusing on niche investment opportunities in sectors like energy, real estate, and credit with an emphasis on lower-risk strategies.[3][1] He also founded Kayne Anderson Rudnick Investment Management around the same time, growing it to more than $10 billion in assets under management before selling it to the Phoenix Companies in 2001.[4][3]
Kayne's investment approach has emphasized disciplined, value-oriented strategies, contributing to his estimated net worth of $1.3 billion as of 2025.[5] Residing in Santa Monica, California, he has been active in philanthropy since co-founding the R&S Kayne Foundation in 1987, which supports education, arts, and social service organizations in the United States and New Zealand.[1][4] Kayne has served as a trustee and former chairman of the UCLA Foundation's investment committee, as well as a founding board member of UCLA Anderson's Fink Center for Finance, and as co-chairman of the Jewish Community Foundation of Los Angeles investment committee.[3][4]
Early life and education
Early life
Richard Kayne was born in 1945 or 1946 in the United States to a Jewish family.[1][6]
He was the son of Jerry Kayne and Ida Kayne.[7] Jerry Kayne worked as a founding partner of PressOn Nails, a Los Angeles-based company, reflecting a family background in entrepreneurship.[7] Details on Kayne's childhood and early upbringing remain limited in public records, with little documented about specific formative experiences or influences during this period. Kayne grew up on Long Island, New York, in a family that valued education and hard work.[8][6]
He later pursued higher education at Stanford University.[6]
Education
Richard Kayne earned a Bachelor of Science degree in statistics from Stanford University in 1966.[3]
Following his time at Stanford, Kayne pursued graduate studies and received a Master of Business Administration from the UCLA Anderson School of Management in 1968.[1]
Professional career
Early career
Kayne began his professional career in the mid-1960s as an investment analyst at Loeb, Rhodes & Co. in New York, where he honed foundational skills in financial analysis and market evaluation.[3][9] This role, starting around 1966, involved scrutinizing securities and providing insights for institutional clients, building on his M.B.A. from UCLA.[1][10]
In the late 1960s, Kayne transitioned to Cantor Fitzgerald & Co., Inc., rising to the position of principal and taking on responsibilities in money management.[3][9] There, he managed investment portfolios for high-net-worth individuals and institutions, further developing expertise in asset allocation and risk assessment during a period of economic volatility in the 1970s and early 1980s.[1][11]
These early experiences in New York solidified Kayne's proficiency in investment analysis and portfolio management, preparing him for independent ventures in alternative investments.[3][12]
Kayne Anderson Capital Advisors
Kayne Anderson Capital Advisors was co-founded in 1984 by Richard Kayne and John E. Anderson as an alternative investment management firm focused on middle-market opportunities.[3][1] Initially established in Los Angeles, the firm began with a disciplined approach to investing in undervalued assets, leveraging the founders' prior experience in finance to build a platform for institutional and high-net-worth clients.[13]
Under Kayne's leadership as founder, co-chairman, and majority owner, the firm has evolved into a prominent alternative asset manager, expanding its operations across the United States and Europe with approximately 350 employees and 150 investment professionals.[13] As of June 30, 2025, Kayne Anderson Capital Advisors manages $38 billion in assets under management, reflecting steady growth from its early years through strategic hires and platform development.[14]
The firm's core investment strategies encompass private equity, real estate, credit, infrastructure, and energy, with a tactical emphasis on generating superior risk-adjusted returns in middle-market sectors.[2] In energy private equity, it has been active since 1992, targeting upstream oil and gas opportunities, while its energy infrastructure investments, initiated in 1998, focus on essential assets supporting global energy distribution.[15] The real estate arm invests in niche sectors such as medical office buildings, seniors housing, and multifamily properties, often through opportunistic equity and debt strategies.[16] Credit investments center on middle-market direct lending and specialized real estate debt, managing over $10 billion in this area alone.[17]
Key milestones include the firm's expansion into dedicated teams for each strategy, enabling scalable deal flow and portfolio management. For instance, in 2017, its real estate division acquired Sentio Healthcare Properties in an $825 million transaction, adding 33 high-quality assets to its seniors housing and medical office portfolios.[18] More recently, in July 2025, Kayne Anderson BDC, Inc., an affiliate, announced a significant investment in SG Credit Partners to bolster lower-middle-market credit capabilities, supporting further geographic and strategic growth.[19] These developments underscore the firm's commitment to opportunistic investments while maintaining a focus on long-term value creation.[2]
Other ventures
In 1984, Richard Kayne co-founded Kayne Anderson Rudnick Investment Management with John Anderson, establishing it as a traditional investment management firm focused on equity strategies across various market caps and geographies.[20] Under Kayne's leadership, the firm expanded significantly, reaching over $10 billion in assets under management before he sold his ownership interest.[3][21]
Kayne also holds the position of general partner at Propel Bio Partners, a Los Angeles-based venture capital firm he helped launch in 2022 to invest in early-stage biotechnology and life sciences companies.[22] The firm targets innovative opportunities in healthcare and synthetic biology, drawing on Kayne's expertise in alternative investments.[21]
Beyond these, Kayne has engaged in entrepreneurial pursuits as an inventor and strategist, though specific details of his inventions remain proprietary.[21] His involvement in such ventures has contributed to an estimated net worth of $1.3 billion as of 2025.[1]
Philanthropy
R&S Kayne Foundation
The R&S Kayne Foundation was established in 1987 by Richard and Suzanne Kayne to support nonprofit organizations focused on education, arts, and social services.[4] The foundation's mission centers on investing in people and collaborating with communities to empower positive change, with a particular emphasis on Los Angeles County and Aotearoa New Zealand.[23] Suzanne Kayne plays a key role in guiding the family's philanthropic efforts through the organization.[4]
The foundation prioritizes education reform, providing grants to programs that enhance access to quality education for underserved populations, such as the Camino Nuevo Charter Academy in Los Angeles, which serves low-income and immigrant families through bilingual charter schools.[24] Other education initiatives include the Kayne Scholars program, which has supported approximately 196 first-generation college students since 2015 in achieving graduation and pursuing careers in STEM and business fields, with 130 having graduated and 66 more in Spring 2024 or early 2025.[24] In economic mobility, the Kayne Opportunity Fund targets youth not engaged in education, employment, or training by funding postsecondary pathways and career development opportunities.[24] For arts and social services, the foundation directs contributions to Los Angeles-based nonprofits that promote cultural access and community well-being, alongside support for social welfare programs in New Zealand.[24]
Adopting a strategic investment approach, the foundation catalyzes change by funding a mix of direct services, innovative pilots, and organizational capacity-building, with a risk-tolerant mindset that values community input and reciprocity over traditional top-down giving.[23] This "do with, not for" philosophy aims to address systemic disparities and foster multi-generational progress, exemplified by partnerships with institutions like UCLA, USC, and ScholarMatch to scale education and mobility outcomes.[23]
Board memberships and contributions
Richard Kayne serves as a director of the Jewish Community Foundation of Los Angeles, where he also holds the position of trustee and former co-chairman of the investment committee.[21][3] In this role, he contributes to the organization's financial oversight and strategic direction for community initiatives.[25]
Kayne is a trustee of the UCLA Foundation and served as the former chairman of its investment committee, playing a key part in managing endowments that support university programs and scholarships.[3][26] His involvement reflects a long-standing commitment to higher education, stemming from his own UCLA MBA.[27]
Suzanne Kayne, Richard's wife, serves as a trustee of the Los Angeles County Museum of Art (LACMA), a position she has held since 2008, and the couple has made joint family contributions to the museum's exhibitions and operations.[4][28] These efforts include participation in gala host committees and support for art acquisitions.[4]
Beyond these board roles, Kayne has provided direct support to other nonprofits, such as contributions to the construction of the new media center for KCRW-FM, a public radio station on the Santa Monica College campus.[29] He and Suzanne have also been longstanding supporters of the Exceptional Children's Foundation, including funding the Kayne Eras Center in Culver City, a facility providing therapeutic services for individuals with developmental disabilities, and were honored for their philanthropy at the organization's 70th anniversary gala in 2016.[30][31]
Post-2017, Kayne has continued his trusteeships at the UCLA Foundation and Jewish Community Foundation, with ongoing involvement in investment committees as of 2025.[3][4] These roles tie into broader family philanthropic efforts through the R&S Kayne Foundation, which he co-founded in 1987.[4]
Personal life
Family
Richard Kayne is married to Suzanne Kayne, a prominent philanthropist who serves as president of the R&S Kayne Foundation and as a trustee of the Los Angeles County Museum of Art (LACMA).[4][28] The couple co-founded the R&S Kayne Foundation in 1987 to support causes in education, arts, and social services.[4]
Together, they have three daughters: Jenni Kayne Ehrlich, Maggie Kayne, and Saree Kayne.[6] Jenni Kayne Ehrlich founded a clothing and lifestyle brand, Jenni Kayne. Maggie Kayne co-founded the Kayne Griffin Corcoran art gallery. Saree Kayne is a cultural anthropologist and serves as Executive Director of the R&S Kayne Foundation.[32][4] The family maintains close ties through shared philanthropic endeavors.[4]
Residences and interests
Richard Kayne resides in a home in Santa Monica, California, which backs up to the Riviera Country Club.[33] This coastal location positions him near his professional base in Los Angeles while supporting his local philanthropic efforts.[1]
Kayne owns two luxury yachts, the 63-meter SuRi and the 50-meter explorer yacht JEMASA, reflecting his interest in boating and high-end maritime travel.[34][35] SuRi, originally a converted fishing vessel, serves as a support yacht for JEMASA and accommodates up to 12 guests for charters.[8]
An avid golfer, Kayne has pursued his passion through involvement in premium golf resort developments, including a partnership to redevelop The Hills Golf Club near Arrowtown, New Zealand.[36] This project, in collaboration with the Hill family, aims to elevate the course to world-class standards, drawing on his experience with other New Zealand properties like Tara Iti.
Disclaimer: This profile is based on publicly available information. No endorsement or affiliation is implied.
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