KA Fund Advisors, LLC, a subsidiary of Kayne Anderson Capital Advisors, L.P., is a leading investor in both public and private energy companies. Our investment strategies seek to identify and exploit investment niches that we believe are less understood and generally not followed by the broader investor community. As of May 31, 2008, Kayne Anderson managed approximately $9.2 billion in alternative investments, approximately $7.7 billion of which are securities of energy companies and approximately $4.8 billion of which are MLPs and other midstream energy companies.
We manage three publicly-traded investment companies: Kayne Anderson MLP Investment Company (NYSE:KYN), a closed-end investment company with approximately $1.9 billion* in total assets; Kayne Anderson Energy Total Return Fund, Inc. (NYSE: KYE), a closed-end investment company with $1.4 billion* in total assets; Kayne Anderson Energy Development Company (NYSE:KED), a business development company with approximately $306.2 million in total assets as of May 31, 2008.
THE KAYNE ANDERSON COMPETITIVE ADVANTAGE
We differentiate ourselves from others through an extensive network of relationships with major energy infrastructure companies. Our publicly-traded funds’ boards of directors include current and retired CEOs that we have invested with over the years as well as other leading industry professionals. With over 134 years of combined experience, our senior professionals have developed a strong reputation in the energy sector which we believe gives us an important advantage in sourcing and structuring transactions.
STRENGTHS
We are positioned to identify, source and structure private investments in MLPs and other energy related companies for the following reasons:
DEPTH OF EXPERIENCE |
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We have investment professionals, including a private investments group in Houston and a public investments group in Los Angeles dedicated specifically to MLPs and other energy infrastructure investments as well as extensive sub-sector coverage (pipelines, e&p, shipping, etc.) by industry leading analysts.
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INDUSTRY RELATIONSHIPS |
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We are the most active player in the MLP asset class and a leading provider of private equity capital to the midstream sector space. Kevin McCarthy, CEO of the funds leads our midstream energy investments while Bob Sinnott, President and CIO, manages our upstream energy investing activities and is a director of Plains All American Pipeline, L.P. Board members of Kayne Anderson entities include Mike Morgan, former President of both Kinder Morgan, Inc and Kinder Morgan Energy Partners, L.P., Bary Pearl, former CEO of TEPPCO Partners, Bill Thacker, former President and CEO of TEPPCO Partners, Al Richey, Vice President of Corporate Development for Anadarko Petroleum Corporation, Keith Forman, former CFO of Gulfterra Energy Partners, L.P., Anne Costin, former managing director within Citi’s Investment Banking Division, Steven Good, a senior partner at Good Swartz Brown & Berns LLP and Gerald Isenberg, a professor at the University of Southern California.
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EXTENSIVE TRANSACTION STRUCTURING EXPERTISE AND CAPABILITY |
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We have industry leading experience in identifying and structuring private investments in MLP and other energy companies. Since 2004 we have completed 38 PIPE transactions for an aggreagate value of over 1.5 billion. We have acted as lead or co-lead investor in the vast majority of these transactions.
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*Figures as of May 31, 2008
