Andros Capital Partners LLC, a newly formed Houston-based private investment firm, closed its inaugural fund at its $250 million hard cap with plans of targeting energy and infrastructure investments.

Founded in 2020 by Managing Partner Phillip A. Gayle Jr., Andros is primarily focused on middle-market transactions requiring between $25 million and $200 million of equity, with an ability to make much larger commitments through co-investments from its limited partners. The fund will employ a sector-specific investment strategy targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector.

“We believe Andros is uniquely positioned as a differentiated investor in the energy sector based on our depth of hands-on operating experience and flexibility to invest across the capital structure,” Gayle said in a statement on Aug. 18. “In all phases of the market cycle, our goal is to build sustainable businesses with strong cash flows in partnership with talented entrepreneurs and to provide capital solutions that enable both public and private energy companies to advance their strategic objectives.”

Gayle also serves as chairman of the fund’s executive and investment committees. He is joined on the investment committee by Gregory A. Beard, former global head of natural resources and senior partner at Apollo Global Management, and Kurt Palmer, chief investment officer at Beemok Capital.

Partners Michael De Voe Piazza and Phillip Isom of Willkie Farr & Gallagher LLP provided legal counsel to Andros in connection with the formation of the fund. Andros did not engage a placement agent or any outside adviser in connection with the capital raise.