EnCap Investments said Friday that it closed its ninth fund at its $5 billion hard cap. The fund, which was oversubscribed, will focus on upstream sector of the oil and gas industry in North America. News of the fundraising was reported by peHUB in November.
You are browsing the archive for EnCap Investments LP - peHUB.
Just as VC fundraising roared back to life in Q1, so did fundraising on the buyout and mezzanine side of the private equity market. Sister magazine Buyouts this week reported that U.S.-based buyout and mezzanine firms raised $18.3 billion in Q1, up 79 percent from $10.2 billion during the same period last year. Fundraising also grew sequentially, up 36 percent from the Q4. Kohlberg Kravis Roberts & Co. took in a tad over $1 billion for its latest effort in Q1, according to our calculations–but that was only good for seventh place among buyout and mezzanine shops that closed on capital last quarter. Click through for a slideshow leading you throught the top 10.
Benjamin W. Hulburt and Christopher K. Hulburt formed Eclipse Resources I LP, which is an independent oil and natural gas company based in State College, Pa. The new group is being formed with EnCap Investments LP. EnCap and Eclipse Resources’ management are committing $150 million to Eclipse Resources I LP. The Hulberts are former senior executive officers of Rex Energy Corp. (Nasdaq: REXX). Eclipse Resources will acquire, explore and develop unconventional oil and natural gas properties in the Appalachian Basin.