Andros Eyeing Domestic Upstream, Downstream Opportunities with $250M Fund

Houston-based Andros Capital Partners said Tuesday it has completed an inaugural $250 million fund to target investments across the energy sector.

The private equity firm, founded earlier this year by managing partner Phillip A. Gayle Jr., is considering “private equity investments, credit opportunities and direct asset-level investments” for the Andros Energy Capital LP fund.

Middle-market transactions of $25-200 million are being eyed, potentially with larger commitments from limited partners.

“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 Gayle, who serves as chair of the executive and investment...