| EnCap Investments | |
| Type: | Limited partnership |
| Location: | Houston, Texas, U.S. |
| Products: | Investments, private equity funds |
| Assets: | $18 billion |
| Num Employees: | 50 |
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
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]