Andros Capital Partners wraps up sophomore energy fund at $750m

Gibson Dunn & Crutcher LLP served as legal counsel to Andros in connection with the formation of Fund II.

  • No placement agent was used
  • Houston-based Andros Capital Partners has over $1 billion in cumulative equity commitments
  • Andros Capital was founded in 2020

Andros Capital Partners has closed its second energy fund at a hard cap of $750 million.

Andros Energy Capital II targets middle-market transactions requiring between $100 and $500 million.

On the fundraising, Phillip A. Gayle, Jr., founder and managing partner of Andros, said in a statement, “We are extremely grateful for the continued support and confidence that our investors and partners have placed in our firm. Our team continues to source and execute on compelling investment opportunities during this period of fundamental macro dislocation in global energy markets caused by the rapid recovery of hydrocarbon demand and continued global underinvestment.”

Gibson Dunn & Crutcher LLP served as legal counsel to Andros in connection with the formation of Fund II. No placement agent was used.

Founded in 2020, Houston-based Andros Capital Partners has over $1 billion in cumulative equity commitments.