The $34 billion alternative investment firm Kayne Anderson Capital Advisors in collaboration with S&P Dow Jones Indices has launched The Kayne Anderson Renewable Infrastructure Index (Ticker: KRII).
The index is a modified floated-adjusted market cap weighted index comprised of publicly traded companies that derive their revenues from renewable energy infrastructure and related businesses and stand to benefit from the transition towards emission-free energy sources, such as wind, solar and energy storage.
“The energy transition is a global megatrend that will benefit the renewable infrastructure sector for the next several decades,” said J.C. Frey, co-head of Kayne’s renewable infrastructure strategies. “In addition to the sector’s investment attributes, we are proud to invest in companies that are providing the infrastructure to transition the world to renewable energy.”
Kayne Anderson is known as a trailblazer in master limited partnerships two decades ago, and in the same vein the firm is looking to define the renewable infrastructure sector as a distinct asset class for investors. Kayne began investing in listed renewable infrastructure in 2013 and established its first dedicated renewable infrastructure fund in 2017.
Currently, Kayne manages approximately $1.5 billion in listed renewable infrastructure.
“Just like Kayne Anderson helped establish the MLP sector, Kayne is proud to collaborate with S&P Dow Jones Indices to launch what we believe will be the index that helps define the sector as an asset class,” said Jim Baker, co-head of Kayne’s energy infrastructure platform. He added that the interest in renewable energy on the part of investors is clear.