Kraken Resources has secured an equity commitment for its latest venture from Kayne Anderson, which has backed Kraken and its predecessor entities since its formation in 2012.

“We are excited to again partner with Kayne Anderson in search of acquisitions,” commented Kraken Co-founder Bruce Larsen in a company release on July 26.

Kraken Resources II disclosed in the release it had received an equity commitment in excess of $400 million from funds managed by Kayne Anderson Capital Advisors LP, including Kayne Anderson Energy Fund VIII LP and Kayne Private Energy Income Fund II LP along with Kraken II’s management team. The commitment follows an upsized equity commitment to Kraken I, currently one of the largest private E&P companies in the Williston Basin, by Kayne Anderson last December.

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