Niva WealthLet’s talk

Kayne Anderson Capital Advisors

SEC-registered adviser since 1994Houston, TXCRD 104536

$34.1B
AUM
113
Clients
See fees
Fee
142
Advisory staff

From Form ADV filed 6 August 2026 · data retrieved 15 October 2026SEC record

Kayne Anderson Capital Advisors is an investment adviser headquartered in Houston, Texas, and registered with the SEC since 1994. Its clients include pooled investment vehicles, other clients and insurance companies. High-net-worth individuals account for 0% of its regulatory assets under management.

Its services include portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. Fee arrangements include a percentage of assets under management, fixed fees and performance-based fees. Richard Kayne owns 25% to 50% of Kayne Anderson Capital Advisors, and Paul Blank is its CEO.

Clients

Kayne Anderson Capital Advisors serves 113 clients, 94 of them pooled investment vehicles. The average client has about $302 million with the firm, and high-net-worth clients hold 0% of its $34.1 billion in assets.

Regulatory assets by client type
  • Pooled investment vehicles94 clients93%
  • Insurance companies8 clients2%
  • Other1 clients3%
  • OtherHigh-net-worth individuals, Investment companies, Pension and profit-sharing plans, State or municipal government entities, Corporations and other businesses2%
Show client breakdown
High-net-worth individuals
Clients
1
Regulatory AUM
$23,788,386
Share
0.1%
Avg. per client
$23.8M
Investment companies
Clients
2
Regulatory AUM
$142,232,573
Share
0.4%
Avg. per client
$71.1M
Pooled investment vehicles
Clients
94
Regulatory AUM
$31,856,795,834
Share
93.4%
Avg. per client
$338.9M
Pension and profit-sharing plans
Clients
2
Regulatory AUM
$22,976,643
Share
0.1%
Avg. per client
$11.5M
State or municipal government entities
Clients
2
Regulatory AUM
$233,763,932
Share
0.7%
Avg. per client
$116.9M
Insurance companies
Clients
8
Regulatory AUM
$818,704,341
Share
2.4%
Avg. per client
$102.3M
Corporations and other businesses
Clients
3
Regulatory AUM
$102,655,352
Share
0.3%
Avg. per client
$34.2M
Other
Clients
1
Regulatory AUM
$908,388,957
Share
2.7%
Avg. per client
$908.4M

Total

Clients
113
Regulatory AUM
$34,109,306,018
Share
100%
Avg. per client
$301.9M

What it does

Kayne Anderson Capital Advisors provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.

Kayne Anderson Capital Advisors advises 82 private funds.

100.0% of assets ($34.11B across 113 accounts) are managed with discretion. 15% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks22%
  • Funds19%
  • Bonds1%
  • Cash1%
  • Other57%
    • Private debt, unfunded commitments56%
    • Derivatives1%

Custodians

Kayne Anderson Capital Advisors’ client accounts are held mainly at Bank of New York Mellon, with 3% of managed assets, and State Street, with 1%. Kayne Anderson Capital Advisors has custody of $31.75B for 93 clients.

Managed account assets by custodian
  • State StreetState Street Corporation · Boston, MA · $177.7M1%
  • Bank of New York MellonBank of New York Mellon Corporation · New York, NY · $889.4M3%
  • All other custodians$33.04B97%

Ownership and leadership

Richard Kayne owns 25% to 50% of Kayne Anderson Capital Advisors, and Paul Blank is its CEO.

Who owns the firm
Kayne Anderson Capital Advisors, L.P.· the adviser

  • Richard Kayne

    Control person · since June 1994

    Owns 25% to 50% of Kayne Anderson Capital Advisors, L.P.

  • Robert Sinnott

    Control person · since April 2010

    Owns 10% to 25% of Kayne Anderson Capital Advisors, L.P.

  • Albert Rabil

    Control person · since June 2021

    Owns 10% to 25% of Kayne Anderson Capital Advisors, L.P.

  • Paul Blank

    Control person · since June 2026

    Owns 5% to 10% of Kayne Anderson Capital Advisors, L.P.

  • Ka Holdings, Inc.

    Owner of Kayne Anderson Investment Management, Inc. · Control person · since August 1995

Leadership

  • Paul Blank
    Chief Executive Officer; Limited Partner
  • Albert Rabil
    Chief Executive Officer and Managing Partner of Ka Real Estate; Limited Partner
  • Paul Stapleton
    Chief Financial Officer; Limited Partner
  • Michael O'Neil
    Chief Compliance Officer; Limited Partner
  • James Baker
    Director; Limited Partner
  • Matthew Barbabella
    General Counsel; Limited Partner; Director
  • Douglas Goodwillie
    Director; Limited Partner
  • Richard Kayne
    Co-Chairman & Founder; Limited Partner
  • Terrence Quinn
    Vice Chairman; Limited Partner
  • Sydney Selznick
    Director; Limited Partner
  • Robert Sinnott
    Co-Chairman; Limited Partner
  • Daniel Weingeist
    Director; Limited Partner

Staff

  • 310 employees
  • 142 in advisory functions
  • 1 state-registered rep
  • 9 broker-dealer reps
  • 14 soliciting firms

Reported holdings

Kayne Anderson Capital Advisors’ reported 13F holdings total $5.10B across 53 positions, and the ten largest make up 71.6% of it.

$5.10B
Reported 13F value
53
Positions
71.6%
In the 10 largest
−2.3%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Williams Cos Inc.9.8%
  2. Enterprise Prods Partners L9.3%
  3. Energy Transfer L P · Com UT Ltd Ptn9.1%
  4. Cheniere Energy Inc.8.9%
  5. Oneok Inc. New6.6%
  6. Mplx LP · Com Unit Rep Ltd6.5%
  7. Kinder Morgan Inc. Del5.8%
  8. Enbridge Inc.5.3%
  9. Targa Res Corp.5.1%
  10. TC Energy Corp.5.1%

Together, the ten largest are 71.6% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 11 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $5.10B is not its $34.11B in regulatory assets and does not represent any individual client's portfolio.

Fees

Kayne Anderson Capital Advisors is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Kayne Anderson Capital Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Kayne Anderson Capital Advisors has 6 offices, with 7 listed addresses across 6 states.

Listed office addresses by state

Texas · 2 listed addresses

  • 717 Texas Avenue, 22nd Floor, HoustonHQ
  • 3899 Maple Avenue, Dallas

Registration details

Legal name
Kayne Anderson Capital Advisors, L.P.
Headquarters
717 Texas Avenue, 22nd Floor, Houston, TX 77002
Phone
310-282-7900
Website
www.kayneanderson.com
SEC file
801-46991
Structure
Delaware limited partnership
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Kayne Anderson Capital Advisors have?

Kayne Anderson Capital Advisors has 113 clients and manages $34.1 billion for them, as of August 2026. They include 94 pooled investment vehicles, 8 insurance companies and 3 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 August 2026

What services does Kayne Anderson Capital Advisors offer?

Kayne Anderson Capital Advisors provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Kayne Anderson Capital Advisors use?

Kayne Anderson Capital Advisors’ separately managed account assets are held at Bank of New York Mellon Corporation (New York, NY), with $889,440,000 and State Street Corporation (Boston, MA), with $177,689,000. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 August 2026

How many financial advisors does Kayne Anderson Capital Advisors have?

Kayne Anderson Capital Advisors has 1 investment adviser representatives registered with state securities authorities, out of 310 employees, and 142 perform investment advisory functions. 9 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Kayne Anderson Capital Advisors invest in?

At the end of its last fiscal year, Kayne Anderson Capital Advisors’ separately managed accounts held 56% private debt, unfunded commitments, 22% exchange-traded equities, 19% pooled vehicles (private funds and similar), 1% high-yield corporate bonds, 1% derivatives and 1% cash and equivalents. It advises 82 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Kayne Anderson Capital Advisors?

Kayne Anderson Capital Advisors’ direct owners are Richard Kayne, Robert Sinnott, Paul Blank and Albert Rabil, each holding 50% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 6 August 2026

How does Kayne Anderson Capital Advisors get paid?

Kayne Anderson Capital Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 6 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 104536.
  3. Form 13F-HR, filed 11 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

Download source data (JSON)How this directory is compiledReport a correction

This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Kayne Anderson Capital Advisors, L.P. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.