Saturday, 2 February 2013

EnCap Hits $5B Cap for Latest Upstream Energy Fund

EnCap Investments is expected to announce it has raised $5 billion for its 17th energy-focused investment fund and ninth private equity investment vehicle amid continued limited partner interest in the sector.
"The last fund was $3.5 billion and of the $5 billion we just raised, $4 billion came from our existing [limited partners]," said David Miller, a managing director and co-founder of EnCap Investments . "We had a very strong support from our historical LPs and the fund was hugely oversubscribed."...

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