The Energy Private Equity Group of Kayne Anderson Capital Advisors has planned a first and final close for its fifth fund. The effort has a $1.6 billion target, a jump from the firm’s prior $950 million fund.
The effort is loosely slated to close on November 20.
Dollar-wise, the majority of Kayne Anderson’s energy fund LPs are university endowments. The firm also takes investments from a wide swath of high net worth individuals.
As I noted yesterday, other energy-focused firms in the market include First Reserve, Quantum Energy, and EnCap Investments.