Kayne Anderson Energy Funds has closed its sixth fund, Kayne Anderson Energy Fund VI LP, with total commitments of US $1.6 billion.
The fund was oversubscribed with support from existing investors and new commitments by institutional investors.
According to the release, Kayne Anderson Energy Fund VI is off to a strong start. The fund has made commitments to seven private oil and gas companies totaling US $750 million in capital. The fund’s investment approach is to partner with successful management teams and identify oil and gas properties that can be proved up at attractive economics while managing risk.
Kayne Anderson Energy Fund VI is Kayne Anderson’s sixth private equity energy fund and brings the total raised by Kayne Anderson Energy Funds to over US $4.2 billion since the launch of its first energy fund in 1998. Kayne Anderson Energy Funds has made 84 investments and has fully realized 41 of them.
Kayne Anderson is an investment firm headquartered in Los Angeles that focuses on niche investing in energy, energy infrastructure, growth equity, specialty real estate and middle market credit.