About This Fund
Andros Energy Capital II LP is the second institutional private equity fund of Andros Capital Partners LLC, a Houston-based specialist in energy sector investing. The fund closed at its $750 million hard cap in January 2023, representing a threefold increase from the firm's $250 million inaugural fund and reflecting strong LP confidence in Andros's differentiated approach to energy private equity.
Building on the strategy established with Andros Energy Capital LP, Fund II continues the firm's focus on private equity investments, credit opportunities, and direct asset-level investments across the energy value chain. The fund targets middle-market transactions requiring $25 million to $200 million of equity capital, covering upstream oil and gas, midstream infrastructure, downstream, and energy services. Andros Capital Partners brings together a senior team with deep institutional private equity pedigree, including Gregory A. Beard, former global head of natural resources at Apollo Global Management, and Kurt Palmer, Chief Investment Officer at Beemok Capital, alongside founding Managing Partner Phillip A. Gayle Jr.
The firm's ability to triple its fund size from Fund I ($250 million) to Fund II ($750 million) underscores strong LP demand for dedicated energy sector exposure through a manager with deep sector relationships and operational capabilities. Andros Capital Partners subsequently closed Andros Energy Capital III LP at $1 billion in April 2025, bringing total cumulative equity commitments to over $2 billion across three energy-focused funds since the firm's founding in 2020.