Company type | Limited partnership |
---|---|
Industry | Private Equity |
Founded | 1988 |
Headquarters | Houston, Texas, U.S. |
Products | Investments, private equity funds |
Total assets | $18 billion |
Number of employees | 50 |
Website |
www |
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. [1]
In 2012, the company started a $4.3 billion fund to invest in oil and gas. [2] In 2013, EnCap was ranked at #16 Private Equity International's PEI 300 list, with some $11.8 billion under management. [3] By 2022, it was ranked #54 with $12.1 billion capital raised over the past five years. [4]
Since its founding, EnCap Investments has raised 18 private equity funds. [5]
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. [6]
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. [7]
Later that year, the company raised $1.2 billion as part of its transition to clean energy investments, particularly wind and solar power. [8]