Investment Summary

Kayne Anderson Capital Advisors Invests In HRM Resources III

On February 1, 2018, asset manager Kayne Anderson Capital Advisors invested in oil/gas exploration company HRM Resources III

Investment Highlights
  • This is Kayne Anderson Capital Advisors’ 96th transaction in the Oil/Gas Exploration sector.
  • This is Kayne Anderson Capital Advisors’ 137th transaction in the United States.
  • This is Kayne Anderson Capital Advisors’ 15th transaction in Colorado.

Investment Summary

Date 2018-02-01
Target HRM Resources III
Sector Oil/Gas Exploration
Investor(s) Kayne Anderson Capital Advisors
Deal Type Growth Capital

Target

HRM Resources III

Denver, Colorado, United States
HRM Resources III is a private exploration and production company that focused on the acquisition and exploitation of long-lived oil and gas assets in the Rocky Mountain region. HRM Resources III is based in Denver, Colorado.

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Investor(S) 1

Investor

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 149 of 178
Sector (Oil/Gas Exploration) 96 of 105
Type (Growth Capital) 35 of 52
State (Colorado) 15 of 16
Country (United States) 137 of 161
Year (2018) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Balidor Oil & Gas

Houston, Texas, United States

Balidor Oil & Gas is a private exploration and production company that is pursuing acquisitions of oil and gas assets with scalable exploitation and development upside. Balidor plans to evaluate opportunities across the onshore U.S. with a focus on the Ark-LA-Tex, Mid-Continent and Rockies regions. Balidor Oil & Gas is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 NewBay Media

New York, New York, United States

NewBay Media LLC is a provider of print, digital, event and marketing services to professional and enthusiast markets. NewBay provides multichannel marketing solutions and information to communities encompassing over 5 million professionals and nearly 8 million enthusiasts centered around three large technology driven interrelated markets, Television & Video, Entertainment & Educational Technology, and Music. NewBay Media LLC was established in 2006 and is based in New York, New York.

Sell $14M