Early Life
Richard Kayne was born in 1945 or 1946 to a Jewish family. His academic journey led him to a Bachelor of Science in statistics from Stanford University in 1966 and an MBA from UCLA in 1968. There is limited information available about his early years and childhood.
Rise to Success
Kayne began his career in the mid-1960s as an analyst in New York. He then became a principal at Cantor Fitzgerald. In 1984, he co-founded Kayne Anderson Capital Advisors with John E. Anderson. The firm focuses on niche investment opportunities in sectors like energy, real estate, and credit with an emphasis on lower-risk strategies. The company has become a major player in the alternative investment space. He also founded Kayne Anderson Rudnick around the same time, growing it to more than $10 billion in assets under management before selling it to the Phoenix Companies in 2001.
Key Business Strategies
Kayne's investment approach has emphasized disciplined, value-oriented strategies. Kayne founded Kayne Anderson in 1984, and has grown the firm through a disciplined, personal investment philosophy that emphasizes niche opportunities with attractive return expectations and lower risk characteristics. Kayne and the firm have long shared the importance of deploying knowledge and sourcing advantages as part of this philosophy.
Philanthropy
Richard Kayne and his wife, Suzanne, established the R&S Kayne Foundation in 1987 to support education, arts, and social service non-profit organizations. The foundation manages assets of over $13 million. The Kaynes have also contributed significantly to UCLA, establishing the Ric and Suzanne Kayne Investment Management Specialization Program Fund with a $5 million gift.