Latest news with #KayneAnderson
Yahoo
04-06-2025
- Business
- Yahoo
Terra Team Launches New E&P with $300MM in Kayne Anderson Backing
Terra Energy Partners II said June 3 it has launched with backing from private equity firm Kayne Anderson. Terra II has secured $300 million in equity commitments from Kayne Private Energy Income Fund III LP and members of the company's management team. Terra II will focus on acquiring and developing 'large, cash flowing oil and natural gas assets with significant existing production throughout the Lower 48,' the company said. The oil and gas startup is led by CEO BJ Reynolds and COO Wes Hobbs, who previously held leadership roles at Terra Energy Holdings LLC, or Terra I. Terra I operated in Colorado's Piceance Basin, where it grew into one of the largest privately held gas producers in the U.S. Terra I produced approximately 600 MMcfe/d of net production at its peak and drilled and completed more than 700 wells over a nine-year run in the Piceance. "We're excited to renew our partnership with Kayne Anderson as we launch Terra II,' Reynolds said. 'Building on the strong foundation and track record established with Terra I, we are confident in our ability to capture compelling opportunities in today's market.' Terra I was backed by private equity funds from Kayne Anderson and Warburg Pincus. In 2016, Terra made a $910 million acquisition of Piceance Basin assets from WPX Energy. The WPX deal included about 200,000 net acres and 11,000 gross drilling locations in northwestern Colorado. In 2020, Terra agreed to acquire assets from bankrupt Ursa Piceance Holdings LLC for $60 million. Terra I successfully exited earlier this year, the companies said. Hart Energy has reached out for more information on the sale of Terra I. The sale of Terra I marks the latest significant transaction in the Piceance, a basin that's taken a back seat to more prominent gas plays such as the Haynesville and Appalachia. Last year, Rockies producer Caerus Oil and Gas sold to private equity Quantum Capital Group through transactions valued at $1.8 billion. One of those deals included Caerus' gas assets in the Piceance, where the company held around 600,000 acres. Quantum portfolio company QB Energy now manages the Caerus Piceance assets. The Caerus deal also included gas assets in Utah's Uinta Basin, which sold to Quantum portfolio company KODA Resources. RELATED Quantum Buys Rockies E&P Caerus Oil and Gas for $1.8B Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
03-06-2025
- Business
- Business Wire
Terra Energy Partners II Announces Equity Commitment from Kayne Anderson
HOUSTON--(BUSINESS WIRE)--Terra Energy Partners II, LLC ('Terra II' or the 'Company'), a newly formed independent oil and natural gas company headquartered in Houston, Texas, today announced that it has secured over $300 million of equity commitments from Kayne Private Energy Income Fund III, L.P., a fund managed by Kayne Anderson Capital Advisors, L.P. ('Kayne Anderson'), and members of the Company's management team. Terra II will focus on the acquisition and development of large, cash flowing oil and natural gas assets with significant existing production throughout the Lower 48. The Company is led by Chief Executive Officer BJ Reynolds and Chief Operating Officer Wes Hobbs, who previously served in leadership roles at Terra Energy Holdings LLC ('Terra I'). Terra I, which operated in Colorado's Piceance Basin, became one of the largest privately held natural gas producers in the U.S., producing approximately 600 MMcfe/d of net production at its peak. During Terra I's nine-year tenure in the Piceance, the team drilled and completed more than 700 wells, vertically integrated its completion services via the purchase of Colorado's first operator-owned electric frac fleet, and achieved a field-wide 80% reduction in methane intensity. Terra II marks the second iteration of the Terra platform sponsored by Kayne Anderson, following the successful exit of Terra I earlier this year. Terra I was the inaugural investment of the Kayne Private Energy Income Funds strategy in 2016 and served as a foundational example of Kayne Anderson's long-duration, cash flow-focused approach to upstream investing. "We're excited to renew our partnership with Kayne Anderson as we launch Terra II,' said BJ Reynolds, Chief Executive Officer of Terra II. 'Building on the strong foundation and track record established with Terra I, we are confident in our ability to capture compelling opportunities in today's market. With a proven team, disciplined strategy, and substantial equity backing, Terra II is well positioned to once again deliver outstanding results and long-term value for our shareholders.' 'Terra I was a defining investment for our Income Funds platform, and we're proud to partner with this team again,' said Danny Weingeist, Managing Partner and Co-Head, Energy Private Equity at Kayne Anderson. 'BJ, Wes, and the broader Terra team have an excellent operational and commercial track record, and we're confident in their ability to drive value for our investors through Terra II.' About Terra Energy Partners II Terra II is a Houston-based, private oil and natural gas company focused on the acquisition and development of large, producing onshore oil and natural gas assets throughout the United States. 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 Anderson 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. For more information, please visit
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for June 2025
HOUSTON, June 02, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the 'Company') announced today a monthly distribution of $0.08 per share for June 2025. This distribution is payable to common stockholders on June 30, 2025 (as outlined in the table below). The Company declares distributions on a monthly basis, with its next distribution expected to be declared in early July. Payment of future distributions is subject to the approval of the Company's Board of Directors, as well as meeting the covenants on the Company's debt agreements and the terms of its preferred stock. (1) This estimate is based on the Company's anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information. Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company's investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company's most recent quarterly report for a description of these investment categories and the meaning of capitalized terms. The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor's specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company's filings with the SEC, available at or Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company's investment objectives will be attained.
Business Wire
28-05-2025
- Business
- Business Wire
Simplify Introduces the Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG)
NEW YORK--(BUSINESS WIRE)--Simplify Asset Management ('Simplify'), a leading provider of Exchange Traded Funds ('ETFs'), today announced the launch of the Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). 'Energy and infrastructure stand to benefit from... favorable tailwinds, including the growing push for reshoring, increased public sector infrastructure spending, and the continued digitization of our economy..." David Berns, Simplify CIO & co-founder. KNRG is actively managed by the team at Kayne Anderson, which brings decades of experience in managing private and public market investments in energy and infrastructure. The Fund seeks to deliver attractive monthly income by investing in the credit instruments of energy and infrastructure companies, which can include bonds, as well as notes, loans and hybrid or preferred shares. 'We are excited to partner with Simplify to bring together our energy infrastructure expertise with an established ETF platform to offer investors what we believe is a unique and compelling income-focused credit product offering,' said Mike Schimmel, Portfolio Manager at Kayne Anderson. 'Energy and infrastructure stand to benefit from a number of favorable tailwinds, including the growing push for reshoring, increased public sector infrastructure spending, and the continued digitization of our economy, which is incredibly energy-intensive,' said David Berns, Chief Investment Officer and CO-Founder of Simplify. 'We have sought to build a product that provides a source of attractive monthly yield based on a portfolio overseen by a best-in-class manager.' 'In addition, energy and infrastructure credits like those making up the holdings of this new fund have had a meaningfully lower historical rate of defaults than non-energy or infrastructure instruments of similar credit quality,' added Berns. KNRG joins a Simplify ETF lineup that includes a number of first-of-their-kind equity and income exposures. For more information, please visit ABOUT SIMPLIFY ASSET MANAGEMENT INC Simplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit 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. IMPORTANT INFORMATION Investors should carefully consider the investment objectives, risks, charges, and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus or Summary prospectus containing this and other important information, please call (855) 772-8488, or visit Please read the prospectus carefully before you invest. An investment in the fund involves risk, including possible loss of principal. The fund is actively-managed is subject to the risk that the strategy may not produce the intended results. The fund is new and has a limited operating history to evaluate. The Fund invests in ETFs (Exchange-Traded Funds) and entails higher expenses than if invested into the underlying ETF directly. The lower the credit quality, the more volatile performance will be. When junk bonds sell off, the lowest-rated bonds are typically hit hardest known as blow up risk. Likewise, the riskiest bonds typically rise fastest in a bull market however these investments that don't have a credit rating are typically the most volatile, hard to price and the least liquid. The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate, or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund's gains or losses. The Fund's investment in fixed income securities is subject to credit risk (the debtor may default) and prepayment risk (an obligation paid early) which could cause its share price and total return to be reduced. Typically, as interest rates rise the value of bond prices will decline and the fund could lose value. While the option overlay is intended to improve the Fund's performance, there is no guarantee that it will do so. Utilizing an option overlay strategy involves the risk that as the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. Also, securities and options traded in over-the-counter markets may trade less frequently and in limited volumes and thus exhibit more volatility and liquidity risk. Credit Risk. The Fund will lose money if the issuer or guarantor of a credit instrument goes bankrupt or is unable or unwilling to make interest payments and/or repay principal. The value of a security may decline if there are concerns about an issuer's ability or willingness to make interest and or principal payments. Interest Rate Risk. The value of the Fund's investment in credit securities will fall when interest rates rise. The effect of increased interest rates is more pronounced for any intermediate-term or longer-term obligations owned by the Fund. Industry Concentration Risk: The Fund focuses its investments in securities of a group of two industries. Economic, legislative or regulatory developments may occur that significantly affect the group of industries. Simplify ETFs are distributed by Foreside Financial Services, LLC. Foreside and Simplify are not related. © 2025 Simplify ETFs. All rights reserved.
Yahoo
28-05-2025
- Business
- Yahoo
Simplify Introduces the Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG)
Actively managed ETF seeks to deliver attractive yields by investing across credit instruments of energy and infrastructure companies Kayne Anderson, KNRG's subadvisor, brings decades of public and private market investing experience in this space NEW YORK, May 28, 2025--(BUSINESS WIRE)--Simplify Asset Management ("Simplify"), a leading provider of Exchange Traded Funds ("ETFs"), today announced the launch of the Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). KNRG is actively managed by the team at Kayne Anderson, which brings decades of experience in managing private and public market investments in energy and infrastructure. The Fund seeks to deliver attractive monthly income by investing in the credit instruments of energy and infrastructure companies, which can include bonds, as well as notes, loans and hybrid or preferred shares. "We are excited to partner with Simplify to bring together our energy infrastructure expertise with an established ETF platform to offer investors what we believe is a unique and compelling income-focused credit product offering," said Mike Schimmel, Portfolio Manager at Kayne Anderson. "Energy and infrastructure stand to benefit from a number of favorable tailwinds, including the growing push for reshoring, increased public sector infrastructure spending, and the continued digitization of our economy, which is incredibly energy-intensive," said David Berns, Chief Investment Officer and CO-Founder of Simplify. "We have sought to build a product that provides a source of attractive monthly yield based on a portfolio overseen by a best-in-class manager." "In addition, energy and infrastructure credits like those making up the holdings of this new fund have had a meaningfully lower historical rate of defaults than non-energy or infrastructure instruments of similar credit quality," added Berns. KNRG joins a Simplify ETF lineup that includes a number of first-of-their-kind equity and income exposures. For more information, please visit ABOUT SIMPLIFY ASSET MANAGEMENT INCSimplify Asset Management Inc. is a Registered Investment Adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit ABOUT KAYNE ANDERSONKayne 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. IMPORTANT INFORMATION Investors should carefully consider the investment objectives, risks, charges, and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus or Summary prospectus containing this and other important information, please call (855) 772-8488, or visit Please read the prospectus carefully before you invest. An investment in the fund involves risk, including possible loss of principal. The fund is actively-managed is subject to the risk that the strategy may not produce the intended results. The fund is new and has a limited operating history to evaluate. The Fund invests in ETFs (Exchange-Traded Funds) and entails higher expenses than if invested into the underlying ETF directly. The lower the credit quality, the more volatile performance will be. When junk bonds sell off, the lowest-rated bonds are typically hit hardest known as blow up risk. Likewise, the riskiest bonds typically rise fastest in a bull market however these investments that don't have a credit rating are typically the most volatile, hard to price and the least liquid. The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate, or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund's gains or losses. The Fund's investment in fixed income securities is subject to credit risk (the debtor may default) and prepayment risk (an obligation paid early) which could cause its share price and total return to be reduced. Typically, as interest rates rise the value of bond prices will decline and the fund could lose value. While the option overlay is intended to improve the Fund's performance, there is no guarantee that it will do so. Utilizing an option overlay strategy involves the risk that as the buyer of a put or call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. Also, securities and options traded in over-the-counter markets may trade less frequently and in limited volumes and thus exhibit more volatility and liquidity risk. Credit Risk. The Fund will lose money if the issuer or guarantor of a credit instrument goes bankrupt or is unable or unwilling to make interest payments and/or repay principal. The value of a security may decline if there are concerns about an issuer's ability or willingness to make interest and or principal payments. Interest Rate Risk. The value of the Fund's investment in credit securities will fall when interest rates rise. The effect of increased interest rates is more pronounced for any intermediate-term or longer-term obligations owned by the Fund. Industry Concentration Risk: The Fund focuses its investments in securities of a group of two industries. Economic, legislative or regulatory developments may occur that significantly affect the group of industries. Simplify ETFs are distributed by Foreside Financial Services, LLC. Foreside and Simplify are not related. © 2025 Simplify ETFs. All rights reserved. View source version on Contacts Media Contact: Rob JesselsonCraft & Capitalrob@ Sign in to access your portfolio
