
South Wind Exploration & Production, LLC Announces Equity Commitment from Kayne Anderson
BUSINESS WIRE)--South Wind Exploration & Production, LLC ('South Wind' or the 'Company'), a newly formed independent oil and natural gas company, has received over $400 million of equity commitments from Kayne Private Energy Income Fund III, L.P., a fund managed by Kayne Anderson Capital Advisors, L.P. ('Kayne Anderson'), and members of the Company's management team.
Headquartered in Oklahoma City, South Wind aims to acquire and operate large, producing onshore U.S. oil and gas assets. The Company is led by an experienced team of industry veterans, including Co-CEOs Tyler Bolton and Greg Boxer, EVP & General Counsel Jeremy Fitzpatrick, COO Zack Laird, CFO Son Hoang, and CTO Andy Broussard.
South Wind's leadership team brings deep industry expertise, having previously held executive roles at Flywheel Energy, LLC ('Flywheel'). Flywheel and its affiliates operated as portfolio companies of Kayne Anderson from March 2017 to June 2024, demonstrating seven years of strong performance before successfully monetizing. The formation of South Wind represents the evolution of this partnership, uniting accomplished Flywheel executives for their fourth collaborative venture with Kayne Anderson, founded on a legacy of trust and established results.
"We have had a long and successful partnership with this team, and we are excited to build on that momentum with South Wind," said Kayne Anderson Managing Partner, Mark Teshoian. "Their leadership and demonstrated ability to create value align perfectly with our vision, and we look forward to supporting them as they pursue their initial acquisition and build a durable, long-term enterprise."
"Our team is very excited to partner with Kayne Anderson again as we collectively write the South Wind story and build on our successful track record together," said South Wind Co-CEO, Greg Boxer.
"We believe our team has the right expertise to underwrite compelling opportunities, drive operational excellence, and create long-term value for our stakeholders," said South Wind Co-CEO, Tyler Bolton.
About South Wind
South Wind is an Oklahoma City-based, private oil and natural gas company focused on the acquisition and development of onshore oil and natural gas assets throughout the United States.
About Kayne Anderson
Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure, and energy. With a team defined by an entrepreneurial and resilient culture, Kayne Anderson's investment philosophy is to pursue cash flow-oriented niche strategies where knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. Kayne manages $38 billion in assets (as of 3/31/2025) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals. For more information, please visit www.kayneanderson.com.

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Fox Sports
an hour ago
- Fox Sports
Paddock Buzz: Foyt Team Honors Memory of Dear Friend at Road America
INDYCAR A.J. Foyt Enterprises honors this weekend at Road America the legacy of longtime friend, supporter and team sponsor Marlyne Sexton (photo, left), who passed away June 11 at age 86. In her memory, the team debuted a special tribute livery on the No. 14 Sexton Properties/AJ Foyt Racing Chevrolet driven by Santino Ferrucci during this weekend's XPEL Grand Prix at Road America Presented by AMR. Ferrucci was the 11th quickest among 27 drivers in Friday's opening practice session with a top lap of 1 minute, 45.7423 seconds. 'Man, just hanging out with Mrs. Sexton and A.J. in Indy is just always fun, just watching them,' Ferrucci said. 'They had some good banter back and forth. 'She's such a wonderful lady. She did wonders for the team. She made me feel like family when I first joined in 2023. I know she thought of Larry (Foyt) like a son, so heavy hearts with her passing, and very honored to be driving the special livery in her honor for this weekend.' Sexton, along with her husband, Joe, founded Sexton Properties, an Indianapolis-based real estate development company, in 1962. Their first Indiana project was located just minutes from Indianapolis Motor Speedway and marked the beginning of a friendship between the Sextons and A.J. Foyt, one of the development's first tenants. 'I met Marlyne's husband, Joe Sexton, years ago,' Foyt said. 'I was one of the first customers, and from then on, we were just great friends." Joe passed away in 2002, but Marlyne continued to lead the company and remained a powerful influence in real estate and motorsports. Sexton Properties began sponsoring AJ Foyt Racing during the 2015 Indianapolis 500 as an associate partner on an entry driven by Alex Tagliani. The partnership grew each season, culminating in a primary sponsorship role by 2022. "I am deeply saddened by the loss of Marlyne Sexton,' said Larry Foyt, team president of AJ Foyt Racing. 'It can't be overstated the positive effects she has had on not only our team but on me personally. Her strength and positive influence are a huge piece of our recent successes. I will forever be grateful for the life lessons she taught me and the confidence she instilled in all aspects of my life. 'Marlyne loved watching INDYCAR and cheering for AJ Foyt Racing. I will miss our talks about the races and the team, but her teachings and impact will be remembered for the rest of my life.' Kirkwood Riding Momentum Into Road America Kyle Kirkwood enters Road America aiming for a feat Andretti Global hasn't pulled off in over a decade. Kirkwood has three victories this season, with back-to-back wins in the last two races in the series, the Chevrolet Detroit Grand Prix on June 1 and Bommarito Automotive Group 500 presented by Axalta and Valvoline on June 15. He has a chance in Sunday's 55-lap race to become the first Andretti Global driver since Ryan Hunter-Reay in 2012 to win three races in a row. RHR pulled off a hat track that year at Milwaukee Mile, Iowa Speedway and the streets of Toronto. 'Momentum is a big thing in motorsports,' Kirkwood said. 'When you have that kind of momentum, things come to you a little bit easier.' Kirkwood is off to a great start Friday, quickest in the No. 27 Siemens Honda with a lap of 1:44.9881. Kirkwood has improved his finishing position at Road America all three years. He finished 20th as a rookie for AJ Foyt Racing in 2022, then ninth and fifth, respectively, for Andretti Global the last two years. The steady upward trend, paired with his current form, positions him as a legitimate threat to contend for the win Sunday. This is also the first time this season Kirkwood hasn't had a week off between wins. 'To do well, you've got to celebrate with the crew for a couple of hours, and then you're straight back to work to do it all over again,' he said. 'I've gone home after each win and been able to relax and wind down from it, but this week it's been like, 'OK, it's Road America, here we go again,' which isn't a bad thing. Just keep it rolling. It doesn't allow the ball to stop.' Herta Strives for Road America Victory Colton Herta has been one of the most consistent performers at Road America, but victory at the 4.014-mile Wisconsin road course continues to slip just out of reach. In eight starts, Herta has never finished worse than eighth and has qualified on the front row five times, including each of the last two years. He earned NTT P1 Award honors in 2019 as a rookie and in 2023. He's only started outside the top seven once – 11th in 2022. 'I've always been really strong here,' Herta said. But have still never won. I've had close ones. This is the place I've never really had a bad weekend.' Herta's best chances slipped away due to small but costly mistakes. In 2019, managing tire wear caught him off guard as he faded to eighth. In 2023, a pit stop one lap too early forced him to save fuel late, and he ultimately finished fifth. Andretti Global Drivers Stick With Pacers Andretti Global's NBA loyalty got complicated this week as Mark Walter, who is part of Andretti Global's TWG Global ownership group, made headlines this week for purchasing the Los Angeles Lakers. Walter, already a stakeholder in the Los Angeles Dodgers and Los Angeles Sparks and owner of the Professional Women's Hockey League, holds a significant presence in both racing and LA sports. However, Andretti Global is based in Indianapolis, and co-owner Dan Towriss' company Gainbridge, has naming rights to Gainbridge Fieldhouse, home of the Pacers. So, where do Andretti Global drivers Marcus Ericsson, Herta and Kirkwood's allegiances stand? Herta took a bipartisan approach. 'I'll have an Eastern Conference team in the Pacers and a Western Conference team in the Lakers to cheer for,' he said. Florida native Kirkwood was more loyal to his adopted home. 'I don't know anything about that situation,' Kirkwood said. 'I live in Indiana. I know all the Pacers players' names, at least. I watch them play, and I know their style. I'm a big, big fan of the Pacers. I scream at the TV.' Ericsson, like Kirkwood, remains loyal to the Pacers. Fatherhood Helps McLaughlin Through Rough Stretch Scott McLaughlin is navigating a challenging stretch of the season, with a string a setbacks that have dropped him from fifth in points entering the 109th Running of the Indianapolis 500 presented by Gainbridge to eighth in the standings entering Sunday's 55-lap race at Road America. McLaughlin crashed on the pace lap and finished 30th in the '500' on May 25. A week later, he was penalized for avoidable contact after rear-ending Nolan Siegel's No. 6 Arrow McLaren Chevrolet and finished 12th at Detroit. In last Sunday's race at World Wide Technology Raceway, McLaughlin qualified second, ran in the top five, but suffered a mechanical failure on Lap 216, ending 24th. McLaughlin likened this difficult period to his 2015 season in Australian V8 Supercars, though with a more grounded perspective this time around. Becoming a first-time father to daughter Lucy during the offseason has provided emotional balance and perspective. 'Obviously, her college fund has taken a hit, but I think at the same time she's so very refreshing,' McLaughlin said. 'Being a dad and having a life outside of the sport, not that I didn't have that before without Lucy. I mean, I always had (wife) Karly, and she's great at taking my mind of stuff. But the dad part of life is awesome, and I'm probably the most happy I've ever been off the track.' McLaughlin has yet to win at Road America in four starts, but his performance improved each year, climbing from 14th in 2021, seventh in 2022, eighth in 2023 and third after leading 18 laps last year. He was sixth quickest Friday with a time of 1:45.3191 in the No. 3 XPEL Team Penske Chevrolet. Franchitti, Buxton Shave Foster's Mustache for Charity NTT INDYCAR SERIES rookie Louis Foster made a surprising and charitable style change ahead of the Road America race weekend by losing the mustache he had sported all season. Foster, an English driver for Rahal Letterman Lanigan Racing, wore the mustache as a nod to three-time series champion Bobby Rahal, co-owner of the team. In May, he joked that his look was very 1986 Indy 500 Bobby Rahal, embracing the retro vibe and team pride. At Thursday night's Welcome Party at Siebkens Stop-Inn Tavern, a beloved Elkhart Lake establishment, Foster joined other drivers as a celebrity bartender, raising funds for Racing For Kids through tips and donations. When asked what it would take to shave the mustache, Foster half-jokingly said $1,000. Dario Franchitti, a four-time INDYCAR SERIES champion, offered $500 if he could shave it off himself. Others, including FOX Sports play-by-play announcer Will Buxton, chipped in, and the mustache was officially shaved for charity. Foster was eighth quickest in the No. 45 Droplight/Desunda Tequila Honda in Friday's practice. Cannon Helps VeeKay Score WWTR Top 10 Finish Rinus VeeKay has found a new groove in recent races and credits veteran engineer Michael Cannon for the turnaround. Cannon rejoined Dale Coyne Racing after this year's Indianapolis 500 presented by Gainbridge and brings decades of technical expertise and a proven track record of rapid impact. In their first race together at Detroit, Cannon's input, especially on braking, helped VeeKay qualify seventh. The next race at WWTR, the No. 18 askROI Honda cracked the top 10 and finished seventh thanks to fuel-saving strategy devised by Cannon. Cannon spent six years (2014-19) at DCR, engineering a range of drivers. He also has served as an engineer in recent seasons for Chip Ganassi Racing and AJ Foyt Racing, delivering immediate improvements to those teams, especially on ovals. 'Working with (Scott) Dixon in the past, he gave me some tricks to improve the fuel mileage,' VeeKay said. Odds and Ends Championship leader Alex Palou has new colors on track this weekend with SOLO Cup sponsoring his No. 10 Chip Ganassi Racing Honda. He was ninth quickest in the opening practice session. Team Penske swept the podium in last year's race and had all three drivers in the top six during Friday's practice session, led by defending race winner Will Power (1:45.1795) in third in the No. 12 Verizon Team Penske Chevrolet. Two-time Road America winner Josef Newgarden (1:45.2228) in the No. 2 PPG Team Penske Chevrolet was fourth, .0433 of a second behind Power, with McLaughlin sixth. The top 15 drivers in Friday's speed chart were separated by less than a second. Saturday features NTT INDYCAR SERIES practice at 11:05 a.m. ET and then qualifying to set the 27-car lineup for Sunday's race at 2:35 p.m. ET. Both air on FS1, the FOX Sports app and the INDYCAR Radio Network. 2012 INDYCAR SERIES champion and 2014 Indianapolis 500 presented by Gainbridge winner Ryan Hunter-Reay served as a booth analyst for FOX's INDY NXT by Firestone practice coverage Friday. recommended


New York Post
2 hours ago
- New York Post
Barron Trump made millions from family's lucrative crypto firm: report
Barron Trump, the youngest son of the 47th President, may have raked in millions of dollars from the sale of crypto tokens linked to the family's lucrative venture into digital tokens, according to report. The 19-year-old New York University student could have picked up a cool $40 million — $25 million after taxes — from the sale of digital assets by World Liberty Financial Group, the Trump family firm launched nine months ago after Barron persuaded his dad about the benefits of crypto, Forbes reported. 'Barron knows so much about this,' commander-in-chief said during an interview in September after the launch. 'Barron's a young guy, but he knows it — he talks about his wallet. He's got four wallets or something, and I'm saying, 'What is a wallet?'' Barron Trump, seen here at his father's second inauguration, is listed as a 'co-founder' on World Liberty Financial's website. AFP via Getty Images World Liberty has been a financial bonanza for the family. In March, World Liberty announced that it had sold $550 million worth of tokens. An Office of Government Ethics filing released by President Trump last week declared he had made $57 million from token sales. It also said that the real estate mogul held a 75% stake in his umbrella company, DT Marks Defi LLC, with unnamed 'third parties' holding the other 25%. Barron Trump is listed as a 'co-founder' of World Liberty Financial alongside the president, as well as Eric and Donald Trump Jr, the president's two eldest sons. Forbes, which provided no direct evidence for its claims of Barron Trump's massive digital windfall, suggested that he owned a 7.5% stake in Delaware-based World Liberty. The stake would mirror what the NYU freshman holds in the Trump Organization's Washington, DC hotel, Forbes said. The Post has approached a Trump Organization spokesperson for comment. Trump once derided digital assets such as Bitcoin as 'a scam' but he has since U-turned and embraced cryptocurrencies. REUTERS Barron Trump's name does not appear in the company's solitary SEC filing from October 30 last year. Also listed as business partners in the venture are Middle East envoy Steve Witkoff and his son, Zachary. An analysis by Bloomberg, the financial news outlet, estimates the president's net worth has doubled since the start of his 2024 campaign, standing at just over $5.4 billion

Politico
3 hours ago
- Politico
‘We can't wait forever': GOP frustrated but unwilling to act on Trump's TikTok extension
President Donald Trump's latest move to keep TikTok alive is yet again frustrating congressional Republicans, many of whom object to China's continued involvement in the popular app but just want to be done with the whole drama. 'Not my favorite thing,' Sen. Josh Hawley (R-Mo.), along-time proponent of the ban, deadpanned, when asked about the president's plan to issue another extension. He spoke a day before the White House confirmed Trump signed a 90-day suspension of enforcement of the law requiring TikTok to divest from ByteDance, its China-based parent company, throwing another lifeline to the short-form video app. By Friday, some House lawmakers registered a note of resigned irritation. The extension — Trump's third since the law went into effect on Jan. 19 — is a unilateral decision not envisioned in the bipartisan law passed by Congress and upheld last year by the Supreme Court. Rep. Darin LaHood (R-Ill.), a member of the House Intelligence and China committees, told POLITICO. 'The national security concerns and vulnerabilities are still there, and they have not gone away. I would argue they've almost become more enhanced in many ways.' But Trump's extension of the TikTok law largely boxed out Republicans in both chambers who have shown little inclination — beyond stern words — to prevent him from making these postponements almost routine. Many GOP lawmakers saw themselves as granting the president space to cut a promised deal while the White House deals with urgent priorities, like trade negotiations and the Israel-Iran conflict. 'In light of everything going on, I think he did the right thing,' Sen. John Kennedy (R-La.), a China hawk who voted for the ban, told POLITICO of Trump. 'I have concerns about all kinds of things — that [the extension] is on the list — but it's not at the top of the list.' Though Trump has promised his TikTok negotiations areclosely tied to trade talks with China, Treasury Secretary Scott Bessent testified last week to a Senate panel that TikTok's sale was not currently a part of the negotiations with China, raising a further potential obstacle to Trump inking a deal in the near future. Sen. Lindsey Graham (R-S.C.), a close ally of the president and longtime national-security hawk said earlier in the week: 'The sooner we get that issue solved, the better,' without offering any ideas for further enforcement. 'I just want finality,' Senate Judiciary Chair Chuck Grassley (R-Iowa) told POLITICO. 'I want some certainty and just know that the Congress isn't being played when we make a decision [that the app] be sold.' Another member of the House China Committee, Rep. Zach Nunn (R-Iowa), told POLITICO, 'No more extensions. It's time to follow through.' Rep. Dan Newhouse (R-Wash.), also a member of the China panel, noted in a post on X Thursday the law only allows one extension of the compliance deadline, adding, 'I was proud to support the ban of TikTok and believe the law should be implemented as written.' With their comments, the lawmakers echoed House China Chair John Moolenaar (R-Mich.), who in early June called for the U.S. to 'let [TikTok] go dark' to bring China to the table to negotiate. He reiterated that stance on Friday. 'Delays only embolden the Chinese Communist Party,' Moolenaar said in a statement to POLITICO. 'I urge the administration to enforce the law as written and protect the American people from this growing national security threat.' Still, observers say Republicans are not exercising their leverage to demand the White House enforce the law they helped write, for example by withholding funding or congressional oversight hearings. 'I keep reading that Republicans are 'frustrated' and 'impatient' about their TikTok law being ignored, but they should stop complaining to reporters and take it up with Trump,' said Adam Kovacevich, founder and CEO of the pro-tech Chamber of Progress. Among the Republicans being undercut by the president is his own secretary of state. Marco Rubio — who as senator was one of the loudest critics of TikTok's ties to China, and a huge backer of the app's ban — has been conspicuously silent as Trump has repeatedly granted more time to strike a deal for its sale. 'You have to decide what's more important, our national security and the threat that it poses to our national security,' Rubio told POLITICO in March 2023, as Congress was considering a ban. 'You have to weigh that against what you might think the electoral consequences of it are. For me, it's an easy balancing act. I mean, there is no balance. I'm always going to be for our national security.' A spokesperson for Rubio at the State Department did not respond to a request for comment. Democrats — even those who support keeping TikTok online — say Trump's approach is the wrong one. 'These endless extensions are not only illegal, but they also put TikTok's fate in the hands of risk-averse corporate shareholders,' Sen. Ed Markey (D-Mass.) told POLITICO in a statement. 'This is deeply unfair to TikTok's creators and users. I'm prepared to work towards a solution, but Trump isn't coming to the table.'