EnCap Investments is an American
private equity firm
A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...
, specializing in the energy industry, particularly oil & gas. The firm was established in 1988 and is based in
Houston, Texas
Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...
.
History
In 2012, the company started a $4.3 billion fund to invest in oil and gas. In 2013, EnCap was ranked at #16 ''
Private Equity International
''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP- GP nexus.
Launched in December 2001, the t ...
''
's PEI 300 list, with some $11.8 billion
under management. By 2022, it was ranked #54 with $12.1 billion capital raised over the past five years.
Since its founding, EnCap Investments has raised 18
private equity funds.
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.
In February, 2021, Grayson Mill Energy, a company backed by EnCap Investments, acquired
Equinor
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company, petroleum company operating in 36 countries with additional investments in renew ...
'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.
Later that year, the company raised $1.2 billion as part of its transition to clean energy investments, particularly wind and solar power.
References
External links
Official website
Financial services companies established in 1988
Private equity firms of the United States
Mezzanine capital investment firms
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