About This Fund
Andros Energy Capital LP is the inaugural private equity fund of Andros Capital Partners LLC, a Houston-based investment firm dedicated exclusively to the energy sector. The fund closed at its $250 million hard cap in August 2020, marking the establishment of one of the few independent, founder-led private equity managers with deep operational roots across the entire energy value chain.
The fund pursues private equity investments, credit opportunities, and direct asset-level investments in middle-market energy companies, targeting transactions requiring $25 million to $200 million of capital. Andros Capital Partners applies a disciplined, operationally intensive investment approach, leveraging its team's decades of experience in upstream oil and gas, midstream infrastructure, downstream refining, and energy services sectors. The firm was founded by Phillip A. Gayle Jr., who serves as Managing Partner and Chairman of the Executive and Investment Committees. The investment committee also includes Gregory A. Beard, former global head of natural resources at Apollo Global Management, and Kurt Palmer, Chief Investment Officer at Beemok Capital, providing deep institutional private equity and energy industry expertise.
The successful close of Andros Energy Capital LP laid the foundation for the firm's subsequent growth. Andros Capital Partners followed with Andros Energy Capital II LP ($750 million, closed January 2023) and Andros Energy Capital III LP ($1 billion, closed April 2025), bringing cumulative equity commitments to over $2 billion across three successive energy-focused funds.