Kayne Anderson Capital Advisors raises $2 billion for energy PE fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Kayne Anderson Capital Advisors raises $2 billion for energy PE fund

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

The fund was closed at its hard cap of approximately US$2.0 billion in limited partner commitments. The fund will continue Kayne Anderson’s successful strategy of partnering with high-quality management teams focused 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.

The fund is part of Kayne Anderson’s successful energy private equity practice that has raised nearly US$8.0 billion since inception.

Chuck Yates, Managing Partner of Kayne Anderson Energy Funds said:

“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.”

Mike Heinz, Managing Partner of Kayne Anderson Energy Funds, said:

“To date, KAEF VII has partnered with 15 portfolio management teams and has invested 40% of the Fund to acquire greater than 260,000 net acres and over 10,000 boe/d of production primarily in the Permian Basin, the STACK/SCOOP plays and the Bakken shale. The success of this raise allows us to continue to partner with our extremely talented management teams. We are fortunate and thankful that more than half of the portfolio companies in KAEF VII are run by management teams we have successfully partnered with in the past.” 

Bob Sinnott, Co-Chairman of Kayne Anderson and head of its energy investment strategies, said:

“Kayne has recently raised over US$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.” 

List of country news

Country news

  • October 21, 2016

    IFC launches platform to mobilize $5 billion for infrastructure investments in emerging markets

    he International Finance Corporation (IFC), a member of the World Bank Group, has launched an innovative program that aims to raise US$5 billion from global institutional investors to modernize infrastructure in emerging markets over the next five years, opening up a new stream of capital flows to improve power, water, transportation, and telecommunications systems in developing countries.  Read more
  • October 19, 2016

    Plenary North America appoints new President and CEO

    Plenary Group’s Board of Directors has announced the appointment of Brian Budden to the position of President and Chief Executive Officer of Plenary Group (North America). Read more
  • October 18, 2016

    MIC announces pricing of public offering of $350 million of convertible senior notes

    Macquarie Infrastructure Corporation (MIC) has announced the pricing of US$350 million of convertible senior notes due 2023. Read more
  • October 18, 2016

    LA Metro receives unsolicited proposals

    The Los Angeles County Metropolitan Transportation Authority (Metro) has announced that it has received an unsolicited proposal that provides a unique approach to fund and accelerate some of its mega projects included in Measure M – Metro’s November ballot measure. Read more
  • October 19, 2016

    VDOT receives two bids for I-66 P3 project

    The Virginia Department of Transportation (VDOT) has received two proposals from two private sector teams for the development of the I-66 road HOT lanes P3 project. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.