Kayne Anderson Conducts Review of Energy Portfolio

Kayne Anderson Capital Advisors, a closely held investment firm based in Los Angeles, is conducting a review of its oil and gas assets as it weighs how to maximize their value, according to people familiar with the matter.

The firm held talks with advisers to explore combining some assets in its portfolio into a single company that it could then consider selling or merging with a third party, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The portfolio includes companies such as 89 Energy and Kraken Energy.