Kayne Private Energy Income Fund III, a fund managed by Kayne Anderson Capital Advisors, has committed more than $400 million of equity to South Wind Exploration & Production, a newly formed independent oil and natural gas company.
Law firm O’Melveny advised Kayne Anderson in connection with the equity commitment.
Headquartered in Oklahoma City, South Wind aims to acquire and operate large, producing onshore U.S. oil and gas assets. The company’s team of industry veterans brings deep industry expertise, having previously held executive roles at Flywheel Energy. Flywheel and its affiliates operated as portfolio companies of Kayne Anderson from March 2017 to June 2024, demonstrating seven years of strong performance before successfully monetizing.
The formation of South Wind represents the evolution of this partnership, uniting Flywheel executives for their fourth collaborative venture with Kayne Anderson.
“We have had a long and successful partne
