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Andros Capital Partners closes second energy fund

Andros Capital Partners has held the final closing of its second investment fund, Andros Energy Capital II LP, at its $750 million hard cap.

Andros Capital Partners has held the final closing of its second investment fund, Andros Energy Capital II LP, at its $750 million hard cap.

The new fund will pursue a similar investment strategy as the firm’s inaugural 2020-vintage fund focused on private equity investments, credit opportunities and direct asset-level investments. 

Andros Capital Partners says Fund II will primarily target middle-market transactions requiring between $100 million and $500 million and maintain “a completely flexible and opportunistic investment mandate”, allowing the firm to invest across the capital structure in both public and private equity or debt securities.

Gibson Dunn & Crutcher LLP served as legal counsel to Andros in connection with the formation of Fund II. Andros did not engage a placement agent or any outside advisor in connection with the capital raise.

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