Kayne Anderson Capital Advisors has held the final close of its newest energy-focused private equity fund, the Kayne Private Energy Income Fund (KPEIF), with total capital commitments of USD1.55 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, which has raised over USD7 billion since inception.
KPEIF is led by managing partner Danny Weingeist and managing directors David Iverson and Mark Teshoian.
“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,” says Weingeist. “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 capitalise on opportunities in the current investing environment.”
