Early Life
Richard Alan Kayne was born in 1945 or 1946 to a Jewish family. He graduated from Stanford University with a Bachelor of Science in statistics in 1966. He went on to receive an MBA from UCLA in 1968.
Rise to Success
Kayne began his career as an analyst at Loeb, Rhodes & Co. in New York in the mid-1960s. He then became a principal at Cantor Fitzgerald & Co., Inc. In 1984, Kayne co-founded Kayne Anderson Capital Advisers with John E. Anderson, focusing on alternative investments. The firm specializes in investments in sectors like energy, real estate, and credit. He also founded Kayne Anderson Rudnick Investment Management around the same time, which he later sold. Kayne is co-chair of Kayne Anderson and remains its co-chairman.
Key Business Strategies
Kayne has employed a disciplined, value-oriented investment strategy. Kayne Anderson Capital Advisors focuses on niche investment opportunities and has grown through strategic hires. The firm's investment approach emphasizes generating strong returns, and Kayne has emphasized deploying knowledge and sourcing advantages.
Philanthropy
Kayne is a director of the Jewish Community Foundation of Los Angeles. He is also a trustee of the UCLA Foundation and served as the former chairman of its investment committee. His philanthropic efforts include co-founding the R&S Kayne Foundation in 1987 with his wife, Suzanne, supporting education, arts, and social service organizations.
