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Kayne Private Energy Income Funds II Raises $1.7 Billion In Commitments
January 8, 2020
HOUSTON, TEXAS – January 8, 2020 – Kayne Anderson Capital Advisors, L.P. (“Kayne”) announced the final close of the Kayne Private Energy Income Fund II, L.P. and affiliated funds (“KPEIF II” or the “Fund”), at total capital commitments of $1.7 billion. KPEIF II is a continuation of the platform’s strategy to partner with a select group of high-quality management teams to acquire and develop large, long-life producing oil and gas assets across North America. The platform has now raised over $3.6 billion in commitments since inception in 2014.
The Private Energy Income Funds platform is led by managing partner, Danny Weingeist, and senior managing directors, David Iverson and Mark Teshoian, each of whom has been a key member of Kayne’s energy private equity practice for many years. “We are grateful to have received strong support from a great group of investors, most of whom were also investors in Fund I,” said Danny Weingeist. “We are encouraged by our partners’ confidence in the Fund’s strategy of investing in cash flow generating assets, which we believe is ideally suited to capitalize on the current energy environment.”
ABOUT KAYNE ANDERSON CAPITAL ADVISORS
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on energy, infrastructure, real estate, credit, and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $30 billion in assets (as of 11/30/2019) for institutional investors, family offices, high net worth and retail clients and employs 400 professionals in five offices across the U.S.
The Kayne Private Energy Income Funds platform is part of Kayne Anderson’s successful energy private equity practice that has raised over $10 billion since 1998. The strategy was formed in late 2014 to take advantage of the market opportunity to acquire and develop large, long-life producing oil and gas assets across North America and has invested in 7 portfolio companies totaling approximately $2.5 billion in commitments.
Kayne is headquartered in Los Angeles with offices in Houston, New York City, Chicago and Boca Raton. For more information, please visit www.kaynecapital.com.