EnCap Raises $2.5 Billion

EnCap Investments has closed its seventh fund with $2.5 billion in capital commitments. The Texas-based firm focuses on private equity opportunities in the upstream oil and gas industry.





EnCap Investments L.P., a private equity firm based in Houston and Dallas, today announced it has closed EnCap Energy Capital Fund VII, L.P. (EnCap Fund VII) with total capital commitments of $2.5 billion. Since its inception in 1988, EnCap has managed over $6.5 billion of institutional capital. In the process of providing growth capital to over 150 companies, EnCap has established itself as the leading source of private equity to the upstream sector of the oil and gas industry.


David B. Miller, Gary R. Petersen, D. Martin Phillips, and Robert L. Zorich, Principals of EnCap, said, “We are most appreciative of our existing investors whose ongoing support has helped us build this franchise over the past two decades, as well as the opportunity to enter into relationships with a number of new institutional partners. It is always gratifying in a fundraising effort to reach your hard cap and end up substantially oversubscribed. We believe the high level of investor interest is largely due to our track record of consistently generating attractive returns across multiple industry cycles, in addition to the fact that we continue to see compelling investment opportunities in our space.” 


EnCap has already committed $550 million of EnCap Fund VII to nine portfolio companies, four of which are led by management teams that EnCap has successfully backed in prior funds.


Further information is available at www.encapinvestments.com.