EnCap Investments Successfully Closes Fund XII at $5.25 Billion

EnCap Investments, L.P. (“EnCap”) has achieved the successful closes Fund XII, L.P. (“Fund XII”) with capital commitments of $5.25 billion, surpassing its initial target and reaching its hard cap. Together with $1.2 billion of co-investment, the firm raised a total of $6.4 billion associated with Fund XII. EnCap has a longstanding history of providing growth capital to proven management teams focused on the upstream sector of the oil and gas industry in North America. Fund XII consists of investments in twelve portfolio companies, ten of which are managed by teams the firm has previously partnered with in other funds.

Apart from Fund XII, EnCap has also concluded fundraises for its two other investment verticals, EnCap Energy Transition Fund II and EnCap Flatrock Midstream Fund V, raising approximately $9 billion of capital collectively. The firm aims to utilize this capital to provide attractive risk-adjusted returns by partnering with experienced management teams.

EnCap is focused on contributing to meeting global energy demand by delivering reliable, responsible, and affordable energy sources to support economic opportunity and advancement globally. EnCap Investments L.P. has been a leading provider of growth capital to the independent sector of the U.S. energy industry since 1988. The firm has raised 25 institutional investment funds totaling over $40 billion and currently manages capital on behalf of more than 350 U.S. and international investors.