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SECURITIES AND EXCHANGE COMMISSION

Investment Company Act Release No. 35046; File No. 812-15392

Kayne Anderson Energy Infrastructure Fund, Inc., et al. 

November 6, 2023

AGENCY: Securities and Exchange Commission (“Commission” or “SEC”).

ACTION: Notice.

Notice of application for an order (“Order”) under sections 17(d) and 57(i) of the Investment

Company Act of 1940 (the “Act”) and rule 17d-1 under the Act to permit certain joint

transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under 

the Act.

Summary of Application: Applicants request an order to amend a previous order granted by the 

Commission that permits certain business development companies (“BDCs”) and closed-end

management investment companies to co-invest in portfolio companies with each other and with 

certain affiliated investment entities.

Applicants: Kayne Anderson Energy Infrastructure Fund, Inc., Kayne Anderson Nextgen 

Energy & Infrastructure, Inc., Kayne Anderson BDC, Inc., Kayne DL 2021, Inc., Kayne 

Anderson Capital Income Partners (QP), L.P., Kayne Anderson Infrastructure Income Fund, 

L.P., Kayne Anderson Midstream Institutional Fund, L.P., Kayne Anderson MLP Fund, L.P., 

Kayne Equity Yield Strategies, L.P., Kayne Simplified Midstream, L.P., Kayne Senior Credit 

Fund III, L.P., Kayne Senior Credit III Offshore Fund, L.P., Kayne Liquid Credit Fund, L.P., 

KA Credit Advisors, LLC, KA Credit Advisors II, LLC, KA Fund Advisors, LLC, Kayne 

Anderson Capital Advisors, L.P., Kayne Anderson Fund Advisors, LLC, Kayne Senior Credit III

Manager, L.P., Kayne Senior Credit Funding III, LLC, Kayne Senior Credit Funding III
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Offshore, LLC, Kayne Senior Credit III Mini-Master Fund, L.P., Kayne Senior Credit IV

Manager, L.P., Kayne Senior Credit Fund IV, L.P., Kayne Senior Credit IV Mini-Master Fund, 

L.P., Kayne Senior Credit IV Offshore Fund, L.P., KAEFTX VII, LLC, KAEFTX VIII, LLC, 

KARE Manager Holdings, L.P., KPEIF II GP, LLC, HPK Partners, LLC, Kayne Anderson 

Energy Fund VII, L.P., Kayne Anderson Energy Fund VIII, L.P., Kayne Anderson Real Estate 

Debt IV, L.P., Kayne Anderson Renewable Energy Transition Fund, L.P., Kayne Anderson 

Renewable Infrastructure Partners, L.P., Kayne Private Energy Income Fund II, L.P., Kayne 

Private Energy Income Fund II-B, L.P., Kayne Senior Credit Funding IV, LLC, and Kayne 

Senior Credit Funding IV Offshore, LLC.

Filing Dates: The application was filed on October 3, 2022, and amended on June 9, 2023, and 

August 10, 2023. 

Hearing or Notification of Hearing: An order granting the requested relief will be issued unless

the Commission orders a hearing. Interested persons may request a hearing on any application 

by e-mailing the SEC’s Secretary at Secretarys-Office@sec.gov and serving the Applicants with

a copy of the request by e-mail, if an e-mail address is listed for the relevant Applicant below, or 

personally or by mail, if a physical address is listed for the relevant Applicant below. Hearing 

requests should be received by the Commission by 5:30 p.m. on December 1, 2023, and should 

be accompanied by proof of service on applicants, in the form of an affidavit or, for lawyers, a 

certificate of service. Pursuant to rule 0-5 under the Act, hearing requests should state the nature 

of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the 

reason for the request, and the issues contested. Persons who wish to be notified of a hearing 

may request notification by emailing the Commission’s Secretary at Secretarys-Office@sec.gov.
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ADDRESSES: The Commission: Secretarys-Office@sec.gov. Applicants: David A. Hearth at 

davidhearth@paulhastings.com.

FOR FURTHER INFORMATION CONTACT: Laura L. Solomon, Senior Counsel, or Kyle R. 

Ahlgren, Branch Chief, at (202) 551-6825 (Division of Investment Management, Chief Counsel’s 

Office).

SUPPLEMENTARY INFORMATION: For Applicants’ representations, legal analysis, and

conditions, please refer to Applicants’ second amended and restated application, dated August

10, 2023, which may be obtained via the Commission’s website by searching for the file number 

at the top of this document, or for an Applicant using the Company name search field, on the 

SEC’s EDGAR system. The SEC’s EDGAR system may be searched at 

http://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may also call the 

SEC’s Public Reference Room at (202) 551-8090.

For the Commission, by the Division of Investment Management, under delegated

authority.

Sherry R. Haywood,

Assistant Secretary.