EnCap Investments

{{Infobox company |

name = EnCap Investments |

type = Limited partnership|

logo = File:EnCap Investment logo.png|

foundation = {{start date and age|1988}} |

location = Houston, Texas, U.S.|

industry = Private Equity |

products = Investments, private equity funds |

assets = $18 billion |

homepage = {{URL|www.encapinvestments.com}} |

num_employees = 50 |

}}

EnCap Investments is an American private equity firm, specializing in the energy industry, particularly oil & gas. The firm was established in 1988 and is based in Houston, Texas.[http://www.pehub.com/2011/01/24/pa-based-oil-and-gas-company-formed-by-encap-investments-and-the-hulburts/ Pa.-based Oil and Gas Company Formed By EnCap Investments and the Hulburts]

History

In 2012, the company started a $4.3 billion fund to invest in oil and gas.{{Cite news|date=2012-09-12|title=EnCap Investments Seeking $4.25 Billion for Energy Fund|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2012-09-12/encap-investments-seeking-4-25-billion-for-energy-fund|access-date=2021-05-11}} In 2013, EnCap was ranked at #16 Private Equity International's PEI 300 list, with some $11.8 billion under management.[http://www.peimedia.com/pei300 Top 300 PE funds] from PEI Media By 2022, it was ranked #54 with $12.1 billion capital raised over the past five years.{{Cite news|title=PEI 300: The Largest Private Equity Firms in the World|language=en|work=privateequityinternational.com|url=https://www.privateequityinternational.com/pei-300/|access-date=2023-03-28}}

Since its founding, EnCap Investments has raised 18 private equity funds.{{Cite web|title=EnCap Investments L.P. {{!}} EnCap Flatrock Midstream|url=https://www.efmidstream.com/about/encap-investments|access-date=2021-05-11|website=www.efmidstream.com}}

In February 2019, Kimbell Royalty Partners acquired certain oil and gas royalty assets from EnCap Investments for $151.3 million in a 100% equity transaction.{{Cite web|url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/CG90N0FEma350mZhI3c0rQ2|title=Kimbell Royalty Partners to acquire shale interests in $151.3M all-equity deal|website=www.spglobal.com|language=en-us|access-date=2020-03-17}}

In February, 2021, Grayson Mill Energy, a company backed by EnCap Investments, acquired Equinor's oil and gas assets in the Bakken Formation in North Dakota for a reported $900 million. It was reported that Equinor held approximately 242,000 net acres in North Dakota at the time of the sale.{{Cite web|date=2021-02-10|title=Equinor sells U.S. Bakken shale assets, posts record loss for 2020|url=https://www.reuters.com/business/energy/equinor-sells-us-bakken-shale-assets-posts-record-loss-2020-2021-02-10/|access-date=2021-05-11|website=Reuters}}

Later that year, the company raised $1.2 billion as part of its transition to clean energy investments, particularly wind and solar power.{{Cite web|last=Mann|first=Joshua|title=EnCap Investments completes $1.2B raise for energy-transition fund|url=https://www.bizjournals.com/houston/news/2021/05/06/encap-investments-closes-energy-transition-fund.html|access-date=2021-05-11|website=www.bizjournals.com}}

References

External links

[http://www.encapinvestments.com Official website]

Category:Financial services companies established in 1988

Category:Private equity firms of the United States

Category:Mezzanine capital investment firms