Profiles >> Kayne Anderson Capital Advisors lp

Kayne Anderson Capital Advisors lp

Last Updated: 12/3/2020

Kayne Anderson Capital Advisors lp is a Limited Partnership that started in 1984 and is primarily owned and controlled by Richard Kayne.

Per its website, BSP is a credit-focused alternative asset management firm that manages funds across strategies including: private/opportunistic debt, liquid loans, high yield, special situations, and commerical real estate debt. BSP invests across the cr

Kayne Anderson Capital Advisors lp operates out of an office in Los Angeles, CA. Based on the Form ADV filed on 2020-06-22 00:00:00, the investment firm is comprised of 328 employees, only 146 of whom performs investment advisory functions.

Fact Sheet

      Name: Kayne Anderson Capital Advisors lp
      CRD No: 104536
      Filing Recorded: 2020-06-22 00:00:00
      Year of Origin: 1984
      Employees: 328
      Clients: 137
      AUM: 29,811,700,000
      Management Fee: .5 to 1 Percent
      Performance Fee: up to 20 Percent
      Client Type: Pooled Investment Vehicles, Investment Companies, Pension and Profit Sharing Plans, Charitable Organizations, State or Municipal Government Entities, Other Investment Advisors, Insurance Companies, Corporations or Other Businesses, REIT
      Assets Traded: Exchange-Traded Equity Securities, Non Exchange-Traded Equity Securities, Investment Grade Corporate Bonds, Non-Investment Grade Coporate Bonds, Securities Issued by Pooled Investment Vehicles, Cash and Cash Equivalents, Other


Investment Strategy

According to the brochure submitted to IAPD, Kayne Andersons investment strategy is as follows:

KACALP manages a variety of alternative investment products intended to take advantage of market opportunities. Certain of these products may involve a higher level of investment risk, while seeking greater returns than traditional investment products. These products are privately offered through private funds and are typically structured as limited partnerships or limited liability companies. KACALP, or a controlled subsidiary, acts as general partner, managing member, investment manager or otherwise exercises investment discretion with respect to these products in which clients are solicited to invest. Further information can be found in the offering memorandum for each fund.

Methods of Analysis

In addition, Kayne Andersons methods of analysis include:

At a high level, KACALP’s investment approach is to focus on industries and asset classes in which it has considerable knowledge and expertise, focusing first and foremost on downside protection and the preservation of capital. KACALP investment personnel conduct commercially reasonable and appropriate due diligence of each investment based on the facts and circumstances applicable to each potential opportunity. The objective of such analysis is to identify attractive investment opportunities and the possible risks associated with that investment in order to develop a sound investment strategy that has a high probability of delivering attractive returns for our investors. When conducting due diligence and making an assessment regarding potential investment opportunities, KACALP relies primarily on publicly available information and resources. KACALP may also rely on information provided by the target of such investment, and, in some circumstances, third‐party consultants where additional technical expertise is needed. Certain investment teams may employ so‐called expert networks to consult with paid industry experts. KACALP has adopted policies and procedures to mitigate any potential conflicts of interest related to the use of such experts. The due diligence process may at times be subjective. Accordingly, KACALP cannot be certain that its investment process or its due diligence with respect to potential investment opportunities will reveal or highlight all relevant facts that may be necessary or helpful in evaluating such investment opportunity. General market, economic, environmental, and other conditions, which by their nature are unpredictable, may have an adverse impact on the reliability of such due diligence.

Top 10 Holdings from Form 13F

Reporting Period: 09/30/2020

Issuer Share Value(1000s) Put/Call
SPDR S&P 500 ETF TR 525,000 175,817 Put
WILLIAMS COS INC 6,192,821 121,688
WILLIAMS COS INC 4,714,949 92,638
ENERGY TRANSFER LP 15,145,082 82,085
MPLX LP 4,198,943 66,090
KINDER MORGAN INC DEL 5,222,440 64,384
TARGA RES CORP 4,413,239 61,916

Historical 13F Filings

EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forKayne Anderson Capital Advisors lpin our 13F section HERE.

To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.

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Historical Portfolio Holdings for Kayne Anderson Capital Advisors lp