Andros Capital Partners has closed its inaugural investment fund Andros Energy Capital at its hard cap of $250 million, according to a statement by the firm.
Andros Energy Capital will seek private equity investments, credit opportunities and direct asset-level investments across the energy sector, employing an opportunistic mandate. Andros is primarily focused on middle-market transactions between $25 million and $200 million, but will have the ability to make much larger commitments through co-investments from its limited partners.
The firm was founded earlier this year.
“We believe Andros is uniquely positioned as a differentiated investor in the energy sector based on our depth of hands-on operating experience and flexibility to invest across the capital structure,” said Phillip Gayle Jr., managing partner at Andros. “In all phases of the market cycle, our goal is to build sustainable businesses with strong cash flows in partnership with talented entre
