Kayne Private Energy Income Fund raises $1.55 billion in commitments
Kayne Anderson Capital Advisors, L.P. (Kayne) has announced the final close of its newest energy-focused private equity fund, the Kayne Private Energy Income Fund, L.P. (KPEIF), at total capital commitments of US$1.55 billion.
KPEIF’s strategy is to partner with a select group of high-quality management teams to acquire and develop large, long-life producing oil and gas assets in North America. The Fund is part of Kayne’s energy private equity practice that has raised over $7 billion since inception.
KPEIF is led by managing partner, Danny Weingeist, and 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.
Danny Weingeist, said:
“We are fortunate to have received strong support from a distinguished group of institutional investors and are encouraged by our partners’ confidence in the Fund’s strategy. We are targeting attractive risk-adjusted returns for our investors through a combination of current income and capital appreciation. We believe that our strategy is well-suited to capitalize on opportunities in the current investing environment.”
Country news
-
-
September 06, 2016
APM Terminals to invest US$70 million to ready Port Elizabeth terminal for future trade
APM Terminals has announced it its to invest US$70 million to ready Port Elizabeth terminal in the Port of New York and New Jersey (US) for future trade. Read more -
August 31, 2016
Denver City Council approves pre-development agreement for airport P3
The council approved a “pre-development” agreement, which will start a 6-month negotiation process between the preferred bidder and DIA. The results of the vote was 10-2 for the agreement. However, some council members expressed some concerns relative to the fate of current airport workers and relative to Ferrovial's track record. Read more -
August 31, 2016
Rabobank announces new Head of Project Finance in the Americas
Rabobank has announced that Gregory Hutton has been appointed as the new Regional Head of Project Finance, Americas, based in New York (US). Read more -
August 30, 2016
Global Infrastructure Partners (GIP) announces senior appointment
Global Infrastructure Partners (GIP), an independent infrastructure fund that invests in infrastructure assets and businesses in both OECD and select emerging market countries, has announced that Philip Iley has joined GIP as a Principal. Read more -
August 26, 2016
Pantheon announces partner promotion and senior level new hires
Pantheon, global private equity, infrastructure and real assets fund investor, has announced the promotion of Evan Corley to Partner alongside several senior level new hires in response to the firm’s business expansion and fundraising success. Read more
