Energy sector fund launch hits $250m hard cap

Andros Capital Partners announced the closing of its inaugural investment fund energy sector-focused Andros Energy Capital LP at its $250 million hard cap. The strategy is targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector. The focus is primarily on middle-market transactions requiring $25 million and $200 million of equity with the flexibility to make larger commitments through co-investments from limited partners. Houston-based Andros was founded in 2020 by Managing Partner Phillip A. Gayle, Jr., who also serves as chairman of the fund’s executive and investment committees. Gayle 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. “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,” said Gayle. “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.” 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 advisor in connection with the capital raise.

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