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Andros Capital Splashes $150M on Permian JV as Upstream PE Deals Heat Up

Andros Capital Splashes $150M on Permian JV as Upstream PE Deals Heat Up
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Kraken Unleashes New Venture with Fresh $400 Million Commitment


Wed, 07/28/2021 - 04:00 PM
Kraken Resources II received an equity commitment in excess of $400 million from funds managed by Kayne Anderson Capital Advisors, which has backed Kraken and its predecessor entities since its formation. 
(Source: Kraken Resources LLC)
Kraken Resources has secured an equity commitment for its latest venture from Kayne Anderson, which has backed Kraken and its predecessor entities since its formation in 2012.
“We are excited to again partner with Kayne Anderson in search of acquisitions,” commented Kraken Co-founder Bruce Larsen in a company release on July 26.
Kraken Resources II disclosed in the release it had received an equity commitment in excess of $400 million from funds managed by Kayne Anderson Capital Advisors LP, including Kayne Anderson Energy Fund VIII LP and Kayne Private Energy Income Fund II LP along with Kraken II’s management team. The commitment follows an upsized equity commitment to Kraken I, currently one ....

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Kayne Anderson Boosts Equity Commitment to Bakken Operator Kraken Resources


Kayne Anderson Boosts Equity Commitment to Bakken Operator Kraken Resources
The upsized commitment results in $525 million of total equity commitments from Kayne Anderson, which has backed Kraken Resources and its predecessor entities since its formation in 2012.
Hart Energy Staff
Thu, 12/31/2020 - 12:00 PM
Kraken Resources is one of the largest private E&P companies in the Williston Basin with an operating footprint of over 130,000 net acres across North Dakota and Montana. 
(Source: Kraken Resources LLC)
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Kraken Resources LLC recently received an increase to its total equity commitment from funds managed by Kayne Anderson Capital Advisors LP, which the Houston-based company said will support the pursuit of “high-quality acquisition opportunities in the Williston Basin.” ....

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