<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Amendment Number: _________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: KAYNE ANDERSON CAPITAL ADVISORS, L.P.
(FORMERLY NAMED KAIM NON-TRADITIONAL, L.P.)
Address: 1800 AVENUE OF THE STARS
SECOND FLOOR
LOS ANGELES, CA 90067
Form 13F File Number: 28-5066
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Richard A. Kayne
Title: President of the General Partner
Phone: (310) 556-2721
Signature, Place, and Date of Signing:
Richard A. Kayne Los Angeles, California 11 May 2000
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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KAYNE ANDERSON CAPITAL ADVISORS, L.P.
(FORMERLY NAMED KAIM NON-TRADITIONAL, L.P.)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 27
Form 13F Information Table Value Total: $ 113,596
(thousands)
List of Other Included Managers:
NONE
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KAYNE ANDERSON CAPITAL ADVISORS, LP
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5
- ------------------------------------ ------------------- ----------- -------------- ------------------------------
TITLE VALUE SHARES or PUT/
NAME OF ISSUER OF CLASS CUSIP (X 1000) PRN AMT SH/PRN CALL
- ------------------------------------ ------------------- ----------- -------------- ----------- ------ -------
<S> <C> <C> <C> <C> <C> <C>
Big Dog Holdings COM 089128102 1,046 232,500 SH
CVB Financial Corp COM 126600105 290 20,531 SH
Cannondale Corp COM 137798104 3,808 564,153 SH
Capital Automotive REIT COM SH BEN INT 139733109 780 65,000 SH
Center Trust Inc. COM 151845104 89 14,000 SH
Day Runner Inc COM 239545106 2,399 1,300,983 SH
Financial Security Assurance H COM 31769P100 1,630 22,200 SH
Glacier Water Services COM 376395109 17,443 1,073,446 SH
Grey Wolf Inc. COM 397888108 158 40,000 SH
Kaneb Pipe Line Partners LP SR PREF UNIT 484169107 401 16,000 SH
Meridian Resource Corp COM 58977Q109 9,026 2,329,231 SH
Mexico Fund Inc COM 592835102 615 35,000 SH
Navigators Group Inc COM 638904102 2,470 242,439 SH
Nuevo Energy Co. COM 670509108 215 10,000 SH
Plains All American Pipeline LP UNIT LTD PARTN 726503105 9,673 590,700 SH
Plains Resources Incorporated COM PAR $0.10 726540503 30,906 2,472,497 SH
Right Start Inc COM NEW 766574206 25,247 1,887,695 SH
Sports Club Co Inc COM 84917P100 101 27,000 SH
TAM Restaurants Inc. COM 874835101 473 420,582 SH
TC Pipelines LP Unit Com Ltd P UT COM LTD PRT 87233q108 833 52,700 SH
Templeton Global Income Fund I COM 880198106 360 60,000 SH
Ugly Duckling Corp COM 903512101 77 10,000 SH
Putnam Master Intermediate Inc SH BEN INT 746909100 294 50,000 SH
Chesapeake Energy Corp 7% Cum PFD CONV 7% 165167206 335 9,000 SH
Chevron Jun 95 Calls CALL 166751907 250 500 SH
Glenborough Realty Trust 7.75% PFD CV SER A 37803p204 223 15,000 SH
Prime Retail Inc - 8.50% Conv PFD CONV SER B 741570303 4,454 556,800 SH
<CAPTION>
COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8
- --------------------------------- ------------- ----------- ------------------------------
INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER DISCRETION MANAGERS SOLE SHARED NONE
- ---------------------------------- ------------- ---------- ---------- --------- --------
<S> <C> <C> <C> <C> <C>
Big Dog Holdings SOLE 232,500 - -
CVB Financial Corp SOLE 20,531 - -
Cannondale Corp SOLE 564,153 - -
Capital Automotive REIT SOLE 65,000 - -
Center Trust Inc. SOLE 14,000 - -
Day Runner Inc SOLE 1,288,583 - -
Financial Security Assurance H SOLE 21,100 - -
Glacier Water Services SOLE 1,067,546 - -
Grey Wolf Inc. SOLE 40,000 - -
Kaneb Pipe Line Partners LP SOLE 16,000 - -
Meridian Resource Corp SOLE 2,291,031 - -
Mexico Fund Inc SOLE 35,000 - -
Navigators Group Inc SOLE 242,439 - -
Nuevo Energy Co. SOLE 10,000 - -
Plains All American Pipeline LP SOLE 576,175 - -
Plains Resources Incorporated SOLE 2,464,197 - -
Right Start Inc SOLE 1,887,695 - -
Sports Club Co Inc SOLE 27,000 - -
TAM Restaurants Inc. SOLE 420,582 - -
TC Pipelines LP Unit Com Ltd P SOLE 52,700 - -
Templeton Global Income Fund I SOLE 60,000 - -
Ugly Duckling Corp SOLE 10,000 - -
Putnam Master Intermediate Inc SOLE 50,000 - -
Chesapeake Energy Corp 7% Cum SOLE 9,000 - -
Chevron Jun 95 Calls SOLE 500 - -
Glenborough Realty Trust 7.75% SOLE 15,000 - -
Prime Retail Inc - 8.50% Conv SOLE 543,400 - -
</TABLE>
