HOUSTON–(BUSINESS WIRE)–Kayne Anderson Capital Advisors, L.P. (“Kayne”) today announced the final close of its newest energy-focused private equity fund, the Kayne Private Energy Income Fund, L.P. (“KPEIF” or the “Fund”), at total capital commitments of $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 successful 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. “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,” said Danny 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 capitalize on opportunities in the current investing environment.”