Company Overview

Kayne Anderson Capital Advisors has engaged in alternative investing since its inception in 1984. We currently manage over $14.2 billion in investments, principally through private investment partnerships and public closed-end funds as of December 31, 2011. We pursue investment niches where we believe our strategies and knowledge advantage enable us to identify, source and structure investment opportunities that offer attractive and sustainable returns with moderate levels of risk. These investment niches often exist because of complexity, extreme sentiment or investment size limitations. Our separately dedicated investment teams focus on generating returns across a variety of strategies, which include public investing in master limited partnerships and other specialized marketable securities sectors, private investing in midstream and upstream oil and gas companies, and private investing in growth equity, niche real estate and mezzanine financing. Kayne Anderson Capital Advisors is entirely owned by our investment professionals and management.

Investment Policy

We are committed to quality in both our investments and our business practices. From an investment standpoint, we place a higher priority on the preservation of capital than on the achievement of outsized gains that incur sizable risks. We employ a clear, disciplined investment process that utilizes proprietary research and rely upon our own judgment when making investment decisions. From an operating perspective, we believe that quality is reflected in superior day-to-day execution across the various parts of the organization. We emphasize the details and require accuracy and timeliness.

Competitive Advantage

We focus on fundamental bottom-up research to identify and exploit niche asset classes that we believe to be less understood and generally not followed by the broader investor community. The depth and breadth of our research and portfolio management teams, market knowledge, investment experience and industry relationships make us a leader in our areas of focus, and have led to a highly positive track record in alternative investments over the past 27 years.