EnCap Energy Transition Closes $1.5 Billion Fund II for Decarbonization Investments

EnCap Energy Transition (EnCap) has recently concluded the EnCap Energy Transition Fund II (EETF II) with around $1.5 billion in commitments. The fund aims to invest in initiatives to decarbonize the power sector, along with making opportunistic investments in low carbon fuels and carbon management.

EnCap has already allocated investment commitments to five portfolio companies through EETF II and anticipates 8-10 portfolio companies in total, focusing on renewables, energy storage, clean fuels, and carbon solutions. The second energy transition fund follows EnCap Energy Transition Fund I, which had $1.2 billion in total commitments with several portfolio company investments and fund realizations.

Read the full press release here.