Andros Capital Partners LLC has closed its debut fund at a hard cap of $250 million. The fund is focused on middle-market deals in the energy sector. No placement agent was used.
HOUSTON – August 18, 2020 – Andros Capital Partners LLC (“Andros”) today announced the closing of its inaugural investment fund Andros Energy Capital LP (the “Fund”) at its $250 million hard cap. The Fund will employ a sector-specific investment strategy targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector. Andros is primarily focused on middle-market transactions requiring between $25 and $200 million of equity, with an ability to make much larger commitments through co-investments from its limited partners.
The Andros platform combines flexible, long-duration capital with an opportunistic investment mandate, leveraging the firm’s proven track record of building, operating and monetizing businesses across the energy value chain. Andros was founded in 2020 by Managing Partner Phillip A. Gayle, Jr., who also serves as chairman of the Fund’s executive and investment committees. Gayle is joined on the investment committee by Gregory A. Beard, former global head of natural resources and senior partner at Apollo Global Management, and Kurt Palmer, chief investment officer at Beemok Capital.
“We believe Andros is uniquely positioned as a differentiated investor in the energy sector based on our depth of hands-on operating experience and flexibility to invest across the capital structure,” said Andros Managing Partner Phillip A. Gayle, Jr. “In all phases of the market cycle, our goal is to build sustainable businesses with strong cash flows in partnership with talented entrepreneurs and to provide capital solutions that enable both public and private energy companies to advance their strategic objectives.”
Partners Michael De Voe Piazza and Phillip Isom of Willkie Farr & Gallagher LLP provided legal counsel to Andros in connection with the formation of the Fund. Andros did not engage a placement agent or any outside advisor in connection with the capital raise.
About Andros Capital Partners
Andros Capital Partners LLC is a private investment firm based in Houston, Texas. For more information please visit www.androscapital.com.