LOS ANGELES–(BUSINESS WIRE)–Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson” or “Kayne”) is excited to announce the launch of The Kayne Anderson Renewable Infrastructure Index (Ticker: KRII), created in collaboration with S&P Dow Jones Indices.
Rapid growth in renewable energy has led to rapid growth in the universe of publicly traded companies that own, operate and develop renewable infrastructure. Much like Kayne Anderson helped establish master limited partnerships, or “MLPs”, as an asset class two decades ago, Kayne is seeking to define the renewable infrastructure sector as a distinct asset class for investors. Like other areas of the energy infrastructure industry, Kayne believes renewable infrastructure has many favorable attributes that should resonate with investors. Kayne began investing in listed renewable infrastructure in 2013 and established its first dedicated renewable infrastructure fund in 2017. Today, Kayne manages approximately $1.5 billion in listed renewable infrastructure, making it one of the largest managers in this rapidly growing sector.
The Kayne Anderson Renewable Infrastructure Index (ticker: KRII) is a modified floated-adjusted market cap weighted index comprised of publicly traded companies which derive the majority of their revenues from renewable energy infrastructure and related businesses, and stand to benefit from the transition towards emission-free energy sources, such as wind, solar and energy storage.
“Kayne is very excited to launch KRII. Renewable infrastructure is one of the most attractive investment opportunities in the global infrastructure sector and this index helps define the universe of publicly traded companies,” said J.C. Frey, Co-Head of Kayne’s renewable infrastructure strategies. “The energy transition is a global megatrend that will benefit the renewable infrastructure sector for the next several decades. In addition to the sector’s investment attributes, we are proud to invest in companies that are providing the infrastructure to transition the world to renewable energy.”
“While it is clear investors are interested in renewable energy, until now there has not been a transparent index to define the opportunity set for listed renewable infrastructure companies,” said Jim Baker, Co-Head of Kayne’s energy infrastructure platform. “Just like Kayne Anderson helped establish the MLP sector, Kayne is proud to collaborate with S&P Dow Jones Indices to launch what we believe will be the index that helps define the sector as an asset class.”
“It is clear the world needs both renewables and traditional energy to power the global economy,” said Al Rabil, CEO of Kayne Anderson. “Kayne Anderson has a long track record of success in the energy industry. Today’s announcement is a continuation of our leadership role in providing best-in-class investment alternatives for investors in the energy infrastructure industry.”
“S&P Dow Jones Indices is honored to expand its relationship with Kayne Anderson,” said Michael Mell, Senior Director, Product Management, Custom Indices at S&P Dow Jones Indices. “As a calculation agent, S&P DJI enables customers like Kayne Anderson to leverage our depth of experience as an independent global index provider in order to build customized index-based concepts that are in turn used to deploy a specialized, proprietary index-based investment strategy.”
About Kayne Anderson:
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on renewables, infrastructure/energy, real estate, credit, and growth capital. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $34 billion in assets for institutional investors, family offices, high net worth and retail clients and employs 325 professionals in five core offices across the U.S.
For more information, please visit www.kaynecapital.com