Kayne Anderson Closes Sixth Energy Fund With $1.6 Billion

Firm: Kayne Anderson Capital Advisors

Fund: Kayne Anderson Energy Fund VI LP

Amount Raised: $1.6 Billion

Initial Target: $1.6 Billion

Chief Executive: Robert Sinnott

Kayne Anderson Capital Advisors, a Los Angeles-based private equity firm that focuses on oil and gas buyouts, closed its sixth fund, Kayne Anderson Energy Fund VI LP, raising $1.6 billion overall and matching the fund’s initial target. The new fund is nearly double the size of its previous effort, the 2009-vintage Fund V, which raised $820 million. Fund VI was “considerably oversubscribed,” according to the firm.

The firm attracted significant interest from pension funds toward the end of 2012, landing a $70 million commitment from the Orange County Employees’ Retirement System, $10 million commitments from the Colorado Fire and Police Pension Association and the San Antonio ...

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