Kayne Anderson Announces New Energy Fund

Oct 17 2016 | 10:32am ET

Kayne Anderson Capital Advisors announced the final close of its latest energy-focused private equity fund, Kayne Anderson Energy Fund VII, L.P. 

The Fund was closed at its hard cap of approximately $2.0 billion in limited partner commitments and continues its focus on the upstream oil and gas sector of North America.

The Fund exceeded its fundraising target with strong support from both existing investors and new clients that together represent some of the nation’s leading institutional investors. The Fund is part of Kayne Anderson’s successful energy private equity practice that has raised nearly $8.0 billion since inception.

“We greatly appreciate the trust and support from our investors. Having capital during this part of the cycle has allowed our portfolio companies to put together an attractive collection of assets,” said Chuck Yates, Managing Partner of Kayne Anderson Energy Funds.

“Kayne has recently raised over $4 billion across our upstream and midstream strategies to take advantage of one of the best times we have seen to invest in energy. In our private equity business, we look forward to continuing our long-term track record of combining our industry-leading engineering and financial expertise with some of the best management teams in the business,” said Bob Sinnott, Co-Chairman of Kayne Anderson and head of its energy investment strategies,

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit and growth private equity.

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