J.C. Frey

Executive Vice President, Assistant Secretary and Assistant Treasurer

J.C. Frey joined Kayne Anderson in 1997, initially as controller of Kayne Anderson Capital Advisors, L.P. and its former affiliate, Kayne Anderson Rudnick Investment Management. He assumed the additional responsibility of providing research coverage of a group of REIT and finance companies, some of with which he had prior audit experience while at KPMG Peat Marwick. He became a dedicated research analyst for Kayne Anderson Capital Advisors in 1998, responsible for high yield debt, REITs, and MLPs. In 2000, he became co-portfolio manager of the firm's newly launched multi-strategy fund, KACIP. Since 2003, he has managed KAMLP, a dedicated MLP investment partnership, one of the earliest of its kind. Since 2005, he has managed KAMEF, an offshore fund that was among the first to use total return swaps on MLPs.

In 2004, Mr. Frey was instrumental in the creation and initial public offering of Kayne Anderson MLP Investment Company (NYSE: KYN), an MLP-focused closed-end fund which is the largest publicly traded fund of its kind. He is an officer and co-portfolio manager responsible for public investments for KYN, as well as Kayne Anderson Energy Total Return Fund (NYSE: KYE) and Kayne Anderson Energy Development Company (NYSE: KED), public funds which he helped create in 2005 and 2006, respectively.

Including the funds named above and others, Mr. Frey oversees nearly $3 billion in assets consisting of MLPs, energy debt, marine transportation and other energy equities. Several of the funds managed by Mr. Frey were nominated as finalists for the MarHedge Annual US Performance awards in 2005 and 2006, as well as BarclayHedge monthly performance awards in 2009. He has been quoted in numerous publications including Oil & Gas Investor, Workboat Magazine, MarketWatch.com, Money Central.com, Entrepreneur Magazine, and Research Magazine, and contributed a chapter to Hedge Fund of Funds Investing by Joe Nicholas, Chairman and CEO of HFR Group LLC.

Prior to joining Kayne Anderson in 1997, Mr. Frey was an audit manager in KPMG Peat Marwick's financial services group, specializing in banking and finance clients, and loan securitizations. Mr. Frey is a Certified Public Accountant. He earned a B.S. in Accounting from Loyola Marymount University in 1990 and a Master of Taxation from the University of Southern California in 1991.