EnCap Raises $2.5B Private Equity Fund

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.” 

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…