Kayne Anderson Capital Advisors and NewRoad Capital Partners Form $90M VC Fund

Kayne Anderson Capital Advisors, L.P., and NewRoad Capital Partners, LLC, have partnered to form a new $90m fund.

Kayne NewRoad Ventures Fund II, L.P., which has received commitments from investors in NewRoad Ventures Fund I, the Arkansas Venture Development Fund, other local Northwest Arkansas-based investors, and Kayne Anderson’s high net worth and family office clients, will partner with experienced management teams in early-stage, technology-enabled businesses within retail and other large growth opportunities.
KNRVF II will also seek strategic opportunities to create demand-driven businesses to serve existing, unmet needs in the marketplace through its strategic partners and unique sourcing capabilities.
The fund actively sources and makes non-control investments in companies with recurring revenues that have proven demand for their products or services, but can benefit from accelerated growth through a direct capital investment and strategic partners who can add operational expertise.

To date, KNRVF II has already made commitments of $6.5m to an innovative medical diagnostic testing business in Springdale, AR and a Kansas City, MO, software-as-a-service company in the call center application space.

The fund is led by Clete Brewer, Managing Partner.



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