Kayne Anderson grows renewable energy investment platform to $1.5bn

Kayne Anderson Capital Advisors announced late last week that its publicly traded renewable infrastructure strategy had surpassed $50 million in assets. That fundraise means that the $32 billion Los Angeles-based firm now has more than $1.5 billion in assets invested in renewable energy and energy transition assets. The Kayne Anderson Renewable Infrastructure Fund, which trades under ticker symbols KARIX and KARRX has a distinct strategy, according to the firm, in that it invests in companies that develop, build, own and operate the operate the renewable power infrastructure necessary to transition global power generation to cleaner future, including wind farms, solar parks, energy storage, and the infrastructure to bring that energy to market. “As pioneers in renewable energy infrastructure investing, we are extremely pleased with the early success of our renewable infrastructure mutual fund,” said J.C. Frey, co-head of Kayne’s renewables platform. “Our strategy of investing in companies that own hard assets and generate steady cash flows in the renewable sector captures the growing opportunity provided by the global transition to a lower carbon environment.” The mutual fund, which includes a newer retail class of shares trading under the symbol KARRX, includes investments strategies in both public and private renewable infrastructure. The infrastructure companies in the portfolio may be engaged in businesses related to energy conservation, water infrastructure, conventional power generation and the sale, distribution, transmission and marketing of electricity.

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