Andros Capital Partners Closes Second Energy Fund at $750m

Andros Capital Partners announced the closing of its second investment fund Andros Energy Capital II at its $750m hard cap.

Phillip A. Gayle, Jr., Founder and Managing Partner of Andros, commented, “We are extremely grateful for the continued support and confidence that our investors and partners have placed in our firm. Our team continues to source and execute on compelling investment opportunities during this period of fundamental macro dislocation in global energy markets caused by the rapid recovery of hydrocarbon demand and continued global underinvestment.”

Andros will pursue a similar investment strategy as the firm’s inaugural 2020-vintage fund focused on private equity investments, credit opportunities and direct asset-level investments. Fund II will primarily target middle-market transactions requiring between $100 and $500 million and maintain a completely flexible and opportunistic investment mandate, allowing the firm to invest across the capital structure in both public and private equity or debt securities.

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Gibson Dunn & Crutcher LLP served as legal counsel to Andros in connection with the formation of Fund II. Andros did not engage a placement agent or any outside advisor in connection with the capital raise.

Founded in 2020, Andros Capital Partners is a private investment firm based in Houston, Texas with over $1 billion in cumulative equity commitments.

Andros combines flexible, long-duration capital with an opportunistic investment mandate, leveraging a proven track record of building, operating and monetizing assets across the energy value chain.

Source: Business Wire

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