PE Bonuses Are ‘Back in a Big Way’

Some PE pros will have a little something extra under the tree this year, according to a survey of private equity professionals. “Bonuses are back, and they are back in a big way, said David Kochanek, publisher of the “2011 Private Equity Compensation Report,” a comprehensive survey of private equity firms that included Kayne Anderson […]

Kayne Anderson Shows How To Raise a $600 Million Mezz Fund In A Tough Market

Just how hard was it to raise a mezzanine fund during the financial crisis? Just ask Kayne Anderson Capital Advisors, which closed its first middle market mezzanine fund with $600 million.

Kayne Anderson Mezzanine Partners was oversubscribed by $100 million, says Dave Petrucco, co-managing partner of the fund. Investors include a mix of public and private pension funds, major insurance companies, foundations and endowments, high net worth individuals and family offices. Kayne Anderson, a Los Angeles based alternative asset manager known for its energy strategies and PE funds, did not use a placement agent. Its law firm was Weissman Wolff Bergman Coleman Grodin & Evall.

Kayne Anderson Closes $600 Million Mezzanine Fund

Kayne Anderson Capital Advisors has closed its latest fund, Kayne Anderson Mezzanine Partners, with $600 million in commitments. The New York City-based firm said it will focus the fund on middle market investments across a broad range of industries. Kayne Anderson has already made six investments with the fund, totaling $90 million.

K-Sea Transportation Receives $100 Million Investment

KA First Reserve, a partnership between First Reserve and Kayne Anderson Capital Advisors, has agreed to invest $100 million in K-Sea Transportation Partners L.P. KA First Reserve will receive 18.4 million convertible preferred units. The deal is expected to close, in two steps, in September. K-Sea will use proceeds to cut debt and pay fees and expenses related to the deal. K-Sea is a leading coastwise tank barge operators.

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