Indianola Energy, LLC (“Indianola”) today announced a $100 million equity commitment from members of the management team and Kayne Anderson Energy Fund VIII, L.P., a fund managed by Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson”). Indianola is being formed to pursue a new upstream strategy designed to provide both capital and an industry-leading execution team to help producers accelerate value on undeveloped acreage in highly-proven resource plays across North America.
The Indianola management team is led by Chapman Amend and Todd Burgamy. Mr. Amend started his career at El Paso E&P and subsequently built and led operations teams for two private oil and gas companies. Mr. Burgamy previously worked as an investment professional in the energy private equity group of Kayne Anderson, where he was involved in upstream and midstream investments across Kayne Anderson’s portfolio.
Chapman Amend commented, “We are excited to partner with Kayne Anderson to deploy our strategy, which is centered on operations and execution capabilities. As the market has shifted to placing a preference on living within cash flow, we believe Indianola’s strategy is helpful to the industry today by providing creative solutions to offer value for non-producing assets in highly proven basins. Indianola will seek to implement this strategy through both outright acquisitions and partnership structures designed to accelerate value for operators.”
Patrick Lissonnet, Managing Director for Kayne Anderson, commented, “We believe the Indianola business model is well-suited to capture compelling opportunities in today’s environment and are thrilled to be establishing this platform with this team.”
Headquartered in Houston, Texas, Indianola was formed to acquire, develop and operate highly-proven resource plays across North America.
ABOUT KAYNE ANDERSON
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on energy, infrastructure, real estate, credit, and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages approximately $30 billion in assets (as of 6/30/2019) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals in five offices across the U.S.
Through Kayne Anderson Energy Funds (“KAEF”), the firm manages over $6.4 billion of committed capital dedicated to private equity investments in primarily upstream and midstream oil and gas companies. Currently, KAEF has 25 active portfolio companies focused on upstream and midstream oil and gas assets across North America.
Copyright Business Wire 2019