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Kayne Anderson Announces $2.25 Billion Final Close on Its Largest Ever Energy Private Equity Fund

via Business Wire

Raises Over $2.8 Billion for Private Energy Income Strategy Since Launching the Fundraise

Kayne Anderson (the “Firm”), a leading alternative investment manager, today announced the final closing of Kayne Private Energy Income Fund III, L.P. (“KPEIF III” or the “Fund”), with $2.25 billion in total capital commitments – significantly exceeding its $1.5 billion target.

KPEIF III is Kayne Anderson’s third flagship fund since launching the private energy income strategy a decade ago. The fund will continue Kayne Anderson’s disciplined approach of investing in high-quality private energy companies, primarily focused on acquiring and developing large-scale oil and natural gas assets that generate stable and predictable free cash flow. Including co-investments and other associated funds, the strategy has raised over $2.8 billion since launching the fundraise, highlighting the strong support received from both existing and new investors.

“We are grateful for the strong support from both existing and new investors who recognize the strength of our platform and longstanding focus on income-oriented energy investing. We deeply value the trust placed in us and remain committed to delivering outstanding results for our partners and portfolio companies,” said Danny Weingeist, Managing Partner and Co-Head of Kayne Energy Private Equity.

Mark Teshoian, also a Managing Partner and Co-Head of Kayne Energy Private Equity, added, “This successful fundraise validates the strategy we pioneered nearly a decade ago – one that prioritizes scale, free cash flow and equity distributions to deliver attractive risk-adjusted returns. We see today’s market as a compelling entry point and are confident our strategy is well positioned to navigate market volatility and create significant value for our investors. We are grateful for the hard work and dedication of our investors, colleagues and portfolio companies – without whom none of this would have been possible.”

KPEIF III will build on the success of its predecessor funds, KPEIF I and KPEIF II, which collectively with KPEIF III, co-investments, and other associated funds, have deployed over $3.7 billion across 15 portfolio companies.

Kayne Anderson’s dedicated energy private equity team, led by Mr. Weingeist and Mr. Teshoian, has been investing in energy private equity since 1998 and manages approximately $7 billion of energy-focused capital across multiple funds and strategies.

About Kayne Anderson

Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure, and energy. With a team defined by an entrepreneurial and resilient culture, Kayne Anderson’s investment philosophy is to pursue cash flow-oriented niche strategies where knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. Kayne manages $38 billion in assets (as of 3/31/2025) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals.

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