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Kayne Anderson Backs Ex-California Resources CEO’s New Venture

Aug. 17, 2021, 2:47 PM UTC
Josyana Joshua
Josyana Joshua
Bloomberg Editorial

Black Knight Energy received an equity commitment of more than $500 million from funds managed by Kayne Anderson Capital Advisors, according to a statement.

  • Black Knight, a private energy company, will pursue the acquisition and development of large, cash-flowing oil and natural gas assets in the Lower 48
  • CEO Todd Stevens was chief executive officer of California Resources from 2014 until after its emergence from bankruptcy last year

To contact the reporter on this story:
Josyana Joshua in New York at jjoshua7@bloomberg.net

To contact the editors responsible for this story:
Simon Casey at scasey4@bloomberg.net

Christine Buurma

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