A fund managed by Kayne Anderson Capital Advisors LP has provided an initial investment of $100 million in a Houston-based startup looking to provide more capital to exploration and production companies as equity markets sour on the upstream sector.
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Apache Leveraging Alpine High in Midstream Venture with Kayne Anderson
Houston-based Apache Corp. and Kayne Anderson Acquisition Corp. (KAAC) late Wednesday agreed to form a pure-play Permian Basin midstream operator to hold substantially all of Apache’s gathering, processing and transportation assets in the No. 1 prospect Alpine High.
August 9, 2018
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