Kayne Anderson Capital Advisors, L.P.
PE/Buy-Out · Houston (United States)
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About
Kayne Anderson Capital Advisors, L.P. specializes in alternative investment management in energy marketable securities, upstream energy private equity, credit, infrastructure/energy, renewables, growth private equity, real estate private equity, middle market credit, and municipal opportunities. The firm invests in early, mid, growth capital, lower middle market, acquisition financings, pre-IPO, distressed municipal opportunities, mezzanine, and PIPES investments. It makes growth capital investments the energy sector and in middle market leveraged transactions. The firm targets demand-driven technology-enabled businesses with a focus on markets including enterprise software, retail, financial technology, security & compliance, financials, industrials, media & telecom, consumer packaged goods, supply chain and logistics, business process automation, consumer healthcare, environmental and US manufacturing. For investments in the energy sector investments, the firm primarily focuses on oil and gas sectors. It prefers to invest in small and mid-cap energy companies; oil and gas exploration and production companies; and to a lesser extent in midstream and upstream, energy infrastructure, oilfield service, and energy technology companies located in North America, with a focus on United States and Canada. The firm invest principally in privately-issued common and preferred securities. It make investments of between $200 million and $500 million in privately held upstream oil and gas companies, however it can arrange larger financings through extensive network of co-investors. The firm also makes real estate investments in off-campus student housing, senior housing, medical office and self-storage in the United States. It invests between $50 million and $150 million in companies with enterprise value between $50 million and $250 million with revenue between $5 million and $40 million. It invests principally in privately-issued common and preferred securities of both private and public companies. For real estate investments the firm invests between $30 million to over $500 million. For growth capital investments, the firm prefers to invest in North America. The initial investment size per transaction for the growth equity is $10 million to $75 million, with growing and recurring revenue of $10 million to $75 million. For mezzanine investments, it invests between $10 million and $35 million in companies with revenues between $100 million and $500 million, EBITDA between $10 million and $50 million. The firm also provides secured debt to middle market companies in the form of loan investments secured by a senior or junior lien and structured in the form of first lien cash flow, bifurcated and second lien term loans. For secured debt investments, it typically invests between $10 million and $35 million in its portfolio companies. The firm also provides private credit for acquisition financing, refinancing, and recapitalizations and for growth capital needs. It targets senior and junior secured loans, mezzanine securities, and equity co-investments in traditional middle market companies across a wide array of industries. The firm also makes value add and opportunistic investments in underperforming real estate assets. It invests in properties and off-campus student housing properties within close proximity to large public universities campuses. The firm’s target acquisition size is generally $15 million to $80 million. It prefers to acquire property directly, but may consider joint venture opportunities. The firm primarily provides its services to pooled investment vehicles. It also caters to insurance companies, endowments, foundations, financial institutions, operating companies and other institutional clients, family offices, fund of funds, and high net worth individuals. The firm manages separate client focused equity and fixed income portfolios. It also manages hedge fund and mutual funds for its clients. It employs a combination of fundamental and quantitative analysis with a bottom up stock picking approach. The firm obtains external research to make its investments. It typically invests in energy infrastructure, oil and gas, and real estate sectors. It can hold majority controlling or minority stakes, and typically has significant board representation on its portfolio companies. The firm takes equity stakes between 10 to 40 percent. The firm typical hold its investments for the period of three to five years. Kayne Anderson Capital Advisors, L.P. was founded in 1984 and is based in the Houston, Texas with additional offices across Boca Raton, Florida, Los Angeles, California; Atlanta, Georgia; Dallas, Texas, London, United Kingdom and New York, New York.
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