Andros Capital Partners launches first fund, focused on energy

Oil wells

Texas-based private investment firm Andros Capital Partners has closed its energy-focused inaugural investment fund Andros Energy Capital LP at its USD250 million hard cap.

Andros did not use a placement agent or any outside advisor in connection with the capital raise. Partners Michael De Voe Piazza and Phillip Isom of Willkie Farr Gallagher LLP provided legal counsel to Andros in connection with the fund formation.

The fund will employ a sector-specific investment strategy targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector.

Andros is mainly focused on middle-market transactions requiring between USD25 and USD200 million of equity, with an ability to make larger commitments through co-investments from its limited partners.

The Andros platform combines flexible, long-duration capital with an opportunistic investment mandate, leveraging the firm’s track record of building, operating and monetising businesses across the energy value chain.

Andros was founded in 2020 by managing partner Phillip A Gayle, Jr, who also serves as chairman of the fund’s executive and investment committees.

Prior to founding Andros, Gayle was co-founder and managing partner of Millennial Energy Partners, an oil and gas investment firm and asset manager.

Gayle is joined on the investment committee by Gregory A Beard, former global head of natural resources and senior partner at Apollo Global Management, and Kurt Palmer, chief investment officer at Beemok Capital.

“We believe Andros is uniquely positioned as a differentiated investor in the energy sector based on our depth of hands-on operating experience and flexibility to invest across the capital structure,” said Andros managing partner Phillip A Gayle, Jr.

“In all phases of the market cycle, our goal is to build sustainable businesses with strong cash flows in partnership with talented entrepreneurs and to provide capital solutions that enable both public and private energy companies to advance their strategic objectives,” added Gayle Jr.