– Kayne Anderson announced the final closing of Kayne Private Energy Income Fund III, L.P. (KPEIF III) with $2.25 billion in capital commitments, exceeding its $1.5 billion target.
– KPEIF III is the third flagship fund under Kayne Anderson’s private energy income strategy, launched a decade ago.
– The fund will continue investing in high-quality private energy companies, focusing on large-scale oil and gas assets that generate stable, predictable free cash flow.
– Total capital raised across KPEIF III, co-investments, and related funds has surpassed $2.8 billion, reflecting strong investor support.
– KPEIF I, II, and III, along with co-investments and associated funds, have collectively deployed over $3.7 billionacross 15 portfolio companies.
– The fund strategy emphasizes scale, free cash flow, and equity distributions to provide attractive risk-adjusted returns.
– The energy private equity team, led by Danny Weingeist and Mark Teshoian, has been active in the sector since 1998 and currently manages ~$7 billion in energy-focused capital.
– Firm leadership expressed gratitude to investors, colleagues, and portfolio companies and confidence in the fund’s positioning amid current market conditions.
