Monday, 3 August 2015
Last updated 23 min ago
Dec 10 2007 | 11:56am ET
Houston-based EnCap Investments, an energy-focused private equity firm, has closed its seventh fund, with total capital commitments of $2.5 billion.
The firm said it has already committed $550 million of EnCap Energy Capital Fund VII to nine portfolio companies, four of which are led by management teams that EnCap has backed in prior funds.
“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,” said the firm.
“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.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…