Kayne Anderson Capital Advisors LP has, through its funds including Kayne Private Energy Income Fund II LP and Kayne Anderson Energy Fund VIII LP, alongside Black Knight’s management team, made an equity commitment in excess of $500 million in Black Knight Energy LLC.
Headquartered in Santa Clarita, California, Black Knight is a private energy company formed to pursue the acquisition and development of large, cash flowing oil and natural gas assets.
Mark Teshoian, managing partner at Kayne Anderson, said, “The Black Knight team has an exceptional operational and commercial track record having previously managed large-scale operations with a keen focus on environmental stewardship. We are fully confident in Todd and his entire team’s ability to create long-term value for our investors and we are excited to partner with them in the formation of Black Knight.”
Black Knight CEO Todd Stevens commented, “I am excited to be partnering with Kayne Anderson in this new venture. We have assembled a great team at Black Knight, with a disciplined focus on value creation, operating cash flow and margin enhancement through safe, responsible operations. With the right capital partner behind us in Kayne Anderson, we are well positioned for success.”