Posts for Ticker ‘KYN’

Energy Companies Raising More Cash (BRY, BWEN, KYN, MWE, REXX)

We have already seen a flood of secondary offerings from many companies in many sectors either sold or filed this week.  The strong market is giving many companies a window to raise cash, and we are seeing a specific push from the energy sector in efforts to raise capital.  We have seen formal pricing, pending pricing and/or filings this week from companies like Berry Petroleum Co. (NYSE: BRY), Broadwind Energy Inc. (NASDAQ: BWEN), Kayne Anderson MLP Investment Company (NYSE: KYN), MarkWest Energy Partners LP (NYSE: MWE), and Rex Energy Corp. (NASDAQ: REXX).

Read More »

Posted on: January 14, 2010 – 1:02 pm in Mutual Funds, Oil & Gas, Secondary Offering, , , , ,

Blackstone Puts $500 Million Into Pipeline Company (BX, KYN, KYE, KED, EPD)

The Wall Street Journal has reported that The Blackstone Group LP (NYSE:BX) will invest some $500 million into a new pipeline company, Crestwood Midstream Partners LLC. Crestwood was formed in December 2007, with an initial investment of $150 million from the Kayne Anderson private equity energy funds, and you will see there are several of them:

  • Kayne Anderson MLP Investment Company (NYSE: KYN)
  • Kayne Anderson Energy Total Return Fund (NYSE: KYE)
  • Kayne Anderson Energy Development Company (NYSE: KED)

A Blackstone-owned hedge fund, GSO Capital Partners, is also participating in today’s deal.

Crestwood is headed by Robert G. Phillips, former chief executive of Enterprise Products Partners (NYSE:EPD), who joined Enterprise following its merger with GulfTerra in 2006. The WSJ notes that Blackstone teamed up with Warburg Pincus just a week ago on a $500 million investment in Kosmos Energy, an West African offshore oil exploration company.

Paul Ausick
June 25, 2008

Posted on: June 25, 2008 – 8:02 am in Oil & Gas, Private Equity, , , , ,