Andros Capital Partners LLC, a newly formed Houston-based private investment firm, closed its inaugural fund at its $250 million hard cap with plans of targeting energy and infrastructure investments.
Founded in 2020 by Managing Partner Phillip A. Gayle Jr., Andros is primarily focused on middle-market transactions requiring between $25 million and $200 million of equity, with an ability to make much larger commitments through co-investments from its limited partners. The fund will employ a sector-specific investment strategy targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector.
“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,” Gayle said in a statement on Aug. 18. “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.”
Gayle also serves as chairman of the fund’s executive and investment committees. He 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.
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 adviser in connection with the capital raise.
Recommended Reading
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
Souki’s Saga: How Tellurian Escaped Ruin with ‘The Pause,’ $1.2B Exit
2024-09-11 - President Biden’s LNG pause in January suddenly made Tellurian Inc.’s LNG export permit more valuable. The company’s July sale marked the end of an eight-year saga—particularly the last 16 months, starting with when its co-founder lost his stock, ranch and yacht in a foreclosure.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
2024-10-29 - Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
2024-10-23 - Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
Private Producers Find Dry Powder to Reload
2024-09-04 - An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.