Kayne Anderson Boosts Newton Energy With $75M Infusion

Law360, New York (January 18, 2012, 8:13 PM EST) -- Private equity investor Kayne Anderson Energy Funds has upped its investment in Texas-based oil and gas company Newton Energy Partners LLC by $75 million, the companies announced Wednesday.

The added equity doubles the size of Kayne Anderson's investment in the company to $150 million, Newton Energy said. The company's first injection of $75 million came at Newton Energy's founding in September 2010.

“The cornerstone of Kayne Anderson's energy investment strategy is to identify exceptional oil and gas management teams in need of long-term growth capital to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.