Thu, Aug 13, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Kayne Anderson Capital Advisors launches renewable infrastructure fund

Friday, July 31, 2020
Opalesque Industry Update - Kayne Anderson Capital Advisors, L.P., a leading alternative asset management firm with over $30 billion under management, has launched the Kayne Anderson Renewable Infrastructure Fund (KARIX). The Fund's investment strategy is distinct in the marketplace as it focuses exclusively on investing in companies that develop, build, own and operate the renewable power infrastructure necessary to transition global power generation to a cleaner future, including wind farms, solar parks, energy storage and the infrastructure to bring that energy to market.

The fund is the latest expansion of Kayne's renewable investing platform which includes investment strategies in both public and private renewable infrastructure. The fund leverages Kayne's more than 20 years of experience as a premier energy infrastructure investor and 7 years of experience investing in listed renewable infrastructure companies.

J.C. Frey, Co-Head of Kayne's renewable platform said, "This mutual fund focuses exclusively on renewable infrastructure and invests only in the companies that own, operate, and develop renewable power assets that generate predictable long-term cash flows from their base business. These are not companies that manufacture or develop renewable technologies, these are the hard assets in the renewable sector, with steady cash flows that we believe are well positioned to benefit from the unprecedented growth and secular tail winds driving the growth of renewable infrastructure."

The global push to reduce carbon emissions is expected to have a profound impact on the energy and infrastructure sectors in the coming decades. Renewable power has rapidly become cost-competitive with fossil fuel power generation, and demand for new infrastructure investment is growing rapidly. The Fund is positioned to capitalize on this opportunity with a focus on infrastructure companies that have made renewables their core business.

"According to Bloomberg New Energy Finance, over $10 trillion is expected to be spent on new renewable generating capacity over the next 30 years, which will transform the energy sector, and dramatically reduce emissions. The fund seeks to achieve an attractive risk-adjusted total return by investing in these renewable infrastructure companies which historically have been less volatile and less correlated with the broader markets," said Justin Campeau, Co-Portfolio Manager of KARIX.

Mike Levitt, CEO of Kayne Anderson, added, "We are excited by the launch of Kayne Anderson's first ever mutual fund and the continued expansion of our renewable investing platform. Just like Kayne helped institutionalize energy infrastructure investing over twenty years ago, we plan on becoming a leader in renewables as we seek to generate attractive returns for our investors by taking advantage of the extraordinary secular growth opportunities in renewable power and infrastructure."

The Kayne Anderson Renewable Infrastructure Fund seeks total return through a combination of current income and capital appreciation. The Fund invests at least 80% of its net assets in a portfolio of Renewable Infrastructure Companies that are involved in business activities related to renewable energy production, storage, and transmission. These companies include companies that own or operate assets used in the development, generation, production, transmission, storage, and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, or geothermal power. Renewable Infrastructure Companies may also be engaged in businesses related to energy conservation, water infrastructure, conventional power generation, and the sale, distribution, transmission, and marketing of electricity.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. GCM Grosvenor to merge with Cantor Fitzgerald SPAC, to go public[more]

    Laxman Pai, Opalesque Asia: GCM Grosvenor, a global alternative asset management solutions provider with approximately $57 billion in assets under management, is planning to go public by merging with a special purpose acquisition company backed by the financial-services firm Cantor Fitzgerald in

  2. Ocean Avenue Capital Partners wraps up the fourth fund at $350m[more]

    Laxman Pai, Opalesque Asia: California-based lower-middle market private equity firm Ocean Avenue Capital Partners (OACP) has closed its fourth fund at a hard cap of $350 million, beating its $300 million target. OACP, which manages approximately $1.3 billion of capital, expects that represe

  3. New Launches: Hedge-fund launches pick up despite Covid-19 pandemic, Taconic launches new credit fund, Deerfield raises another $2.5bn as investors flock to health care investments, Blackstone's second fund targeting GP stakes raises $3.5bn so far, Morgan Stanley IM targets greener recovery with Euro sustainable funds, UCL hits $131m first close for sophomore venture capital fund, Fulcrum launches climate change fund, Blackbird raises $356m fund, Crypto venture fund raises $110m from universities, Prime Capital launches Liquid Alternatives Credit fund of funds[more]

    Hedge-fund launches pick up despite Covid-19 pandemic From WSJ: Raising money for a new hedge fund long was contingent on a host of in-person meetings. But a slate of managers are launching sizable startup funds despite complications wrought by the new coronavirus. Hedge-fund man

  4. PE/VC: How private equity co-investments can accelerate investor returns following a crisis, Pandemic slowed private equity fund closings in first half, Private-equity giants inking more deals in Asia[more]

    How private equity co-investments can accelerate investor returns following a crisis Investing in a post-crisis period is never simple. The atmosphere of opportunity compels investors to put capital to work. However, where and how to best invest becomes more important than ever. P

  5. Investing: Viking Global slashes exposure to hot tech stocks, Warren Buffett may have bought back a record $7bn of Berkshire Hathaway stock in the past 3 months[more]

    Viking Global slashes exposure to hot tech stocks From Institutional Investor: Viking Global Investors in the second quarter sharply cut back on positions in at least three of the market's hottest tech and internet stocks, according to a regulatory filing made public late Friday afterno