Andros Capital Partners LLC, a Houston-based investment firm known for its aggressive energy sector plays, announced Monday that it has successfully closed its third flagship fund, Andros Energy Capital III LP, at its $1 billion hard cap — a bold leap from previous rounds and a clear signal of investor confidence in traditional hydrocarbons.
Backed by Gibson Dunn & Crutcher LLP, Andros’s third fund marks a significant escalation from its $750 million second fund closed in January 2023, and a dramatic rise from its inaugural $250 million fund launched in 2020.
Betting Big on Energy’s Endurance
While the global investment narrative pivots toward renewables, Andros is doubling down on oil and natural gas. “Hydrocarbon demand is here to stay,” said Phillip A. Gayle Jr., the firm’s founder and managing partner. His words echo like a war cry in an industry where cleaner energy buzzwords dominate the headlines.
Gayle credited the firm’s success to strong industry partnerships and unwavering investor support, calling this moment “a new chapter of growth” for the Texas powerhouse.
