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Kayne Anderson invests $205m in oil and gas group Panther II

11 Nov 2013

oil-drill_lrgKayne Anderson Capital Advisors has backed exploration and production company Panther Energy Company II with a $205m investment from its sixth energy fund.

Panther II also has the option to exercise commitments of up to $250m from co-investors, which would bring the total investment to $455m.

The Tulsa, Oklahoma-based company is focused on leasing acreage and acquiring oil and gas properties in north America.

Partner at Kayne Anderson Energy Funds Chuck Yates said, “We are excited to recommit to an accomplished management team with an impressive and established track record of sourcing, evaluating, and developing E&P assets.

“Panther II’s management team has a proven ability to assemble and develop a large asset base while consistently improving well performance and lowering costs. We look forward to the company’s future growth.”

Kayne Anderson’s Energy Fund VI was closed with commitments of $1.6bn in January this year, bringing the total amount of capital raised by the firm to $4.2bn.

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