Encap Raises $5 Billion Private Equity Fund

Total Page：16

File Type：pdf, Size：1020Kb

FOR IMMEDIATE RELEASE EnCap Raises $5 Billion Private Equity Fund HOUSTON – February 1, 2013 - EnCap Investments L.P., a leading oil and gas private equity firm, announced today that it has closed EnCap Energy Capital Fund IX, L.P., with $5 billion of limited partner capital commitments. Fund IX, which reached its $5 billion hard cap and was significantly oversubscribed, provides growth capital to proven management teams focused primarily on the upstream sector of the oil and gas industry in North America. EnCap is led by the firm’s four managing partners, David B. Miller, Gary R. Petersen, D. MarWn Phillips and Robert L. Zorich. Since its incepWon in 1988, EnCap has managed approximately $18 billion of capital commitments from some 300 insWtuWonal investors, providing growth capital to more than 190 companies and establishing its reputaon as the preeminent source of private equity to the oil and gas industry. Robert Zorich, one of EnCap’s managing partners, said, “Our exisWng investors’ strong support of Fund IX resulted in a very quick and very successful fundraise. We’ve had the good fortune now of having our last three funds heavily oversubscribed, and we couldn’t have done it without the longstanding relaonships we have with so many highly respected limited partners.” Gary Petersen, another EnCap managing partner, said, “Building on the success of our 25-year history, we are pleased to have a fresh pool of capital to back the highest quality management teams in what remains a robust investment environment in the upstream sector of the oil and gas industry.” To date, EnCap has commièd approximately $350 million to three poraolio companies in Fund IX, including Common Resources III, Paloma Partners III and PayRock Energy. Further informaon is available at h`p://www.encapinvestments.com. ### Contact: Charles W. Bauer EnCap Investments L.P. Ph: 713-659-6100 [email protected] Hallie H. Kim EnCap Investments L.P. Ph: 713-659-6100 [email protected].

Copy Link

Recommended publications

Oil and the Financial Sector; Private Equity Perspective Gary R
Oil and the Financial Sector; Private Equity Perspective Gary R. Petersen Managing Partner & Founder, EnCap Investments November 18, 2016 Overview of EnCap Investments • Leading provider of private growth capital across upstream and midstream oil and gas • Raised aggregate capital commitments of approximately ~$27 billion across 19 institutional funds since 1988 • Exceptional track record of 2.4x ROI and 52% IRR on 174 realized investments across 19 funds • Investment strategy revolves around partnering with seasoned oil and gas executives with demonstrable track records of success Upstream - EnCap Investments Midstream - EnCap Flatrock • Core funds started in 1988 Oklahoma City • 2nd business line started in 2008 • 16 funds totaling ~$21 billion • 3 funds totaling ~$6 billion Houston Office Dallas • 21 total employees • 49 Employees San Antonio Office Houston • 19 Investment Staff San Antonio • 11 Investment Staff • 5 Technical Professionals Oklahoma City Office Dallas Office • 3 Investment Staff • 16 Employees Houston Office • 11 Investment Staff • 2 Investment Staff • 1 Technical Professional Confidential 2 Fund History • Long history of helping companies grow and create shareholder value – Provided growth capital to 242 oil and gas companies – 174 realized investments EnCap Energy EnCap Energy EnCap Energy EnCap Energy Capital Fund III Capital Fund V Capital Fund VII Capital Fund IX $405,000,000 $815,000,000 $2,500,000,000 $5,000,000,000 August 1997 July 2004 December 2007 January 2013 Reserve Acquisition Mezz. Debt Funds I- EnCap
[Show full text]
Triple Oak Power Llc Forms with Majority Investment Backing from Encap Investments L.P
FOR IMMEDIATE RELEASE TRIPLE OAK POWER LLC FORMS WITH MAJORITY INVESTMENT BACKING FROM ENCAP INVESTMENTS L.P. PORTLAND, Oregon – Oct. 7, 2020 – Triple Oak Power LLC (“TOP”) announced today its FormaHon, as well as underlying capital commitment From EnCap Investments L.P. (“EnCap”), a leading provider oF equity capital to the independent sector oF the U.S. energy industry. Yorktown Partners LLC (“Yorktown”), an energy-Focused private equity firm, Mercuria Energy and TOP management will also invest in the company by providing addiHonal growth capital. Headquartered in Portland, Oregon, TOP will Focus on developing high quality onshore wind and other compeHHve carbon-Free power to accelerate the U.S. transiHon to renewable energy and help shape a more diverse, reliable, and sustainable power grid. TOP’s root strategy lies in filling the gap between early stage volaHlity in the development process to delivering the certainty oF shovel-ready uHlity-scale wind FaciliHes. “Triple Oak Power’s deep, end-to-end experHse in the wind development value chain and unique strategic vision are a natural fit with the EnCap Energy TransiHon porXolio oF industry innovators,” said EnCap Energy TransiHon Managing Partner Kellie MetcalF. “We’re excited about TOP’s ability to develop wind projects that lead to cost- effecHve, high-capacity soluHons that will complement the conHnued growth oF solar and ba]ery storage.” TOP is taking a creaHve approach to a proven business model, delivering well-posiHoned wind energy projects at a Hme when low-cost clean energy and local economic development are especially criHcal. TOP’s three key goals are meeHng customers’ increasing demand For affordable zero carbon electricity, invesHng in rural economies seeking financial recovery and stability, and providing a plaXorm For established capital partners to directly parHcipate in the clean energy transiHon.
[Show full text]
Investor Relations Marketing & Communications Forum
Investor Relations Marketing & Communications Forum Virtual experience 2020 September 2-3 | Available anywhere The largest global event for PE Investor Relations, Marketing & Communications A new virtual experience Customize your agenda Available anywhere Industry leading IR and Mix and match 3 think tank Enjoy the Forum from the marketing content selections, 3 interactive comfort of your home office and The Forum’s in-depth sessions are discussion rooms, 12 breakouts on-demand access for up to 12 designed to help you formulate and panel sessions to your liking months after the event is over effective plans and develop crucial for a personalize event strategies to attract investors experience A new kind of networking Built-in calendar and Networking lounges Gain early access to the attendee automated reminders Explore and meet with industry list and start scheduling 1-to-1 Easily download and sync your service providers to discover the or small group meetings or direct event agenda with preferred latest trends and technologies message fellow attendees in tracks and 1-to-1 meetings to your advance own work calendar Speakers include Marilyn Adler Nicole Adrien Christine Anderson Mary Armstrong Michael Bane Managing Partner Chief Product Officer Senior Managing Senior Vice President, Head of US Investor Mizzen Capital and Global Head of Director, Global Head Global Head of Relations Client Relations of Public Affairs & Marketing and Ardian Oaktree Capital Marketing Communications Blackstone General Atlantic Devin Banerjee Charles Bauer Gina
[Show full text]
Private Equity En Fiscaliteit
Belastingdienst Private equity en fiscaliteit Belastingdienst, Platform Versterking Vaktechniek Onder redactie van mw. mr. C.M. Groot Inhoud 1 Inleiding 9 1.1 Rapport Private equity en fiscaliteit 9 1.2 Opzet van het rapport 9 1.3 Samenstelling projectgroep 9 1.4 Inhoud van het rapport 10 I Zicht op private equity 11 2 Wat is private equity? 12 2.1 Inleiding 12 2.1.1 Ontstaansgeschiedenis private equity 13 2.1.2 Rol van private equity in de Nederlandse economie 14 2.1.3 Recente ontwikkelingen 18 2.2 Een definitie van private equity 19 2.2.1 Private equity als vermogens beheerarrangement 20 2.2.2 Kapitaal bijeengebracht door investeerders 22 2.2.3 Fonds dat beheerd wordt door een participatie maatschappij 23 2.2.4 Participeren in niet-beursgenoteerde onder nemingen 25 2.2.5 Zeggenschap in de portfolio-onder neming 27 2.2.6 Realisatie op termijn 28 2.2.7 Leverage – het hefboom effect 29 2.2.8 Carried interest 30 2.2.9 Rol van de fonds managers 31 2.3 Afbakening: private equity ten opzichte van andere financieringsvormen 31 2.3.1 Informal investors 31 2.3.2 Hedgefondsen 32 2.3.3 Crowdfunding 33 2.4 Private equity als vorm van onder nemingsfinanciering 34 2.4.1 Venture capital 36 2.4.2 Financiering door middel van private equity bij volwassen ondernemingen 38 2.5 Private equity als vorm van belegging 42 2.5.1 Investeerders in private equity 43 2.5.2 Co-investeringen 46 2.6 Participatiemaatschappijen 48 2.6.1 Verschillende soorten participatie maatschappijen 48 2.6.2 Private-equityhuizen 49 2.6.3 Participatiemaatschappijen van banken of verzekeraars
[Show full text]
Confirmed Attendees From
Confirmed Attendees From: 17Capital Eller Capital Partners Mizzen Capital 1843 Capital Empire Global Ventures Monroe Capital LLC Abbott Capital Management LLC EnCap Investments Nautic Partners Abris Capital Partners European Investment Bank Nebrodi Partners ABS Capital Partners Evercore Neuberger Berman Actis eVestment Private Markets New Mountain Capital Advent International Fairview Capital Group NewQuest Capital Partners Aero Equity Franklin Templeton Investments Nonantum Capital Partners Alcion Ventures Frazier Healthcare Partners Northleaf Capital Partners Allianz Real Estate Frog Capital Norwest Equity Partners Alpha Square Group Frontier Capital Oak HC/FT Altas Partners General Atlantic Oaktree Capital AIMA General Catalyst Partners One Equity Partners American Investment Council GenNx360 Orchard Global Asset Management American Securities Genstar Capital Paine Schwartz Partners LLC Angelo Gordon Global Infrastructure Partners Patria Arcus Infrastructure Partners Goodwell Investments Pictet Alternative Advisors SA Ardian Great Hill Partners Pine Brook Partners Argosy Capital GRESB Pomona Capital Arroyo Energy Investment Partners LLC Gryphon Investors Pritzker Private Capital Arsenal Capital Partners Hamilton Lane Prosek Partners Atlantic-Pacific Capital Harbor Group International Providence Equity LLC Audax Harrison Street Social Infrastructure Fund PSP Investments Audax Group Harvest Partners Quantum Energy Partners Azimuth Capital Management HCI Equity Partners Resmark Equity Partners BackBay Communications HGGC Rhone Group Battery
[Show full text]
TPG the Blackstone Group Kohlberg Kravis Roberts Goldman Sachs
TPG Themay 2012 Blackstone Group Kohlbergprivate equity international Kravis Roberts Goldman page 37 Sachs Principal Investment Area The Carlyle Group CVC Capital Partners Apax Partners Apollo Global Management Bain Capital Oaktree Capital Management Hellman & Friedman General Atlantic Providence Equity Partners Cerberus Capital Management Warburg Pincus Advent International First Reserve Corporation Silver Lake Lone Star Funds Riverstone Holdings Leonard Green & Partners Thomas H. Lee Partners Golden Gate Capital BC Partners JC Flowers & Co. Terra Firma Capital Partners American Capital Teachers’ Private Capital NGP Energy Capital Management Fortress Investment Group Clayton Dubilier & Rice CPP Investment Board Bridgepoint PAI Partners AXA Private Equity Mount Kellett Capital EQT Partners Marfin Investment Group EnCap Investments Abraaj Capital Citi Capital Advisors Onex International Petroleum Investment Company Stone Point Capital TA Associates Hony Capital Nordic Capital ArcLight Capital Partners Equistone Partners Europe CDH Investments HitecVision AS JP Morgan Asset Management Charterhouse Capital Partners American Securities Capital Partners Mubadala Development Company Summit Partners Tiger Global Management Avista Capital Partners AlpInvest Partners Dubai International Capital MatlinPatterson Global Advisers GI Partners New Mountain Capital Kelso & Co. Denham Capital Management Sun Capital Partners Ares Management Lion Capital Investcorp Bank BSC Lindsay Goldberg Pamplona Capital Management H.I.G. Capital Doughty Hanson Accel Partners Berkshire Partners Vista Equity Partners WL Ross & Co. Welsh Carson Anderson & Stowe Centerbridge Capital Partners Energy Capital Partners Intermediate Capital Group Cinven Oak Hill Capital Partners page 40 private equity international may 2012 pei 300 TPG still top of the class It’s a second consecutive year at the top in Indonesian manager Northstar Pacific for TPG, whose remarkable fundraising (as it looks to get a foot in the door of machine accumulated a cool $49.9 bil- another high-potential emerging market).
[Show full text]
Private Equity SECTORS & MARKETS
SECTORS & MARKETS Private Equity SECTORS & MARKETS OVERVIEW We have been at the forefront of private equity deals almost since the invention of the leveraged buyout. With leading practices in both private “Provides really good equity funds and private equity transactions, we provide clients with an integrated service in all aspects of the private equity market. Our service, and is very unparalleled geographic footprint, coupled with our commitment to both mid-market and multi-billion-dollar deals, provides us with a global responsive and great perspective on structuring and executing private equity mandates. when we need things The private equity industry is rapidly changing and we are well-placed to keep up with the changes given that we act for many of the world’s done within a quick largest and most successful buyout firms. Across the globe, our clients know that, whatever the nature and scope of their fund or deal, they timeframe.” will obtain a first class service from our team of private equity lawyers who routinely advise market leading clients in multiple industries on Chambers Global every aspect of their largest and most complex transactions. Clients retain us again and again for our deep understanding of their needs, issues and goals. They rely on us to help them make the right deals on the right terms, thoughtfully assess risk and make appropriate trade-offs, and respond quickly to meet business demands. We have expertise on the ground in Bermuda, BVI, Cayman, Guernsey, Hong Kong, Isle of Man, Jersey, Mauritius and the Seychelles, and our services cover the whole life cycle of every fund and every investment, from fund formation and capitalisation of investment vehicles, through to public and private mergers and acquisitions, leveraged buyouts, group restructurings, refinancings, secured lending and transactional due diligence.
[Show full text]
Financial Statements and Review
Second quarter 2021 Financial statements and review Second quarter 2021 review Equinor second quarter 2021 results Equinor reports adjusted earnings of USD 4.64 billion and USD 1.58 billion after tax in the second quarter of 2021. IFRS net operating income was USD 5.30 billion and the IFRS net income was USD 1.94 billion. The second quarter of 2021 was characterised by: • Strong results due to higher prices, sustained value focus and strict capital discipline. • Solid operational performance and progress in the project portfolio, some projects impacted negatively by Covid-19. • Strong cash flow and significant improvement of adjusted net debt ratio(1) to 16.4%. • Cash dividend of USD 0.18 per share and launch of share buy-back programme. “We deliver a strong result in the second quarter. Solid operational performance and continued focus on value creation have enabled us to capture additional value from higher commodity prices. Strict capital discipline and a net cash flow of more than USD 4.5 billion, reduce our net debt ratio to 16.4 percent and make us robust for volatility in commodity prices going forward,” says Anders Opedal, President and CEO of Equinor ASA. “Systematic and sustained improvements on the NCS enable us to capture additional value in the quarter. We progressed our project portfolio with the Norwegian government’s approval of the development plan for Breidablikk, start-up of Martin Linge on NCS and the final investment decision on Bacalhau Phase 1 in Brazil. Projects in execution are progressing despite the impact of Covid-19,” says Opedal.
[Show full text]
Natural Resources in the US Alternative Assets
The Facts Natural Resources in the US alternative assets. intelligent data. Natural Resources in the US Using data from Preqin’s Natural Resources Online, this factsheet provides a comprehensive overview of the natural resources industry in the US, including fundraising, fund managers and investors in the country. Key Facts 1,007 $151bn 30% $6.5bn Number of US-based natural Aggregate capital raised by Texas-based natural resources Size of EnCap Energy Capital resources investors profiled on US-focused unlisted natural fund managers have raised Fund, the largest US-focused Natural Resources Online. resources funds since 2006. the largest proportion of natural resources fund closed capital since 2006. since 2006. Headquarters of US-Based Natural Resources Fund Managers WWAA MMNN 5 MMTT 4 NNHH 1 OORR 6 5 NNYY MMAA 6677 1122 IIAA PPAA NNJJ CCTT NNEE 1 OOHH 1177 8 1199 2 IILL IINN UUTT 3 CCOO 8 2 VVAA CCAA 1 KKSS 1133 MMOO KKYY 3 3377 2 2 2 NNCC MMDD TTNN 6 5 AAZZ OOKK 3 DDCC 2 1155 5 MMSS AALL GGAA 1 2 7 TTXX LLAA 111616 3 FFLL HHII 5 1 Source: Preqin Natural Resources Online Page 1 of 3 © 2016 Preqin Ltd. / www.preqin.com The Facts Natural Resources in the US alternative assets. intelligent data. Fig. 1: Annual US-Focused Natural Resources Fundraising, Fig. 2: US-Focused Natural Resources Fundraising by 2006 - 2016 YTD (As at 20 April 2016) Primary Strategy, 2014 - 2016 YTD (As at 20 April 2016) 35 33 60 50 30 50 27 27 25 41.8 24 24 25 23 40 21.0 No.
[Show full text]
The 19Th Annual Energy Conference Recap
The 19th Annual Energy Conference Recap Piper Jaffray does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decisions. This report should be read in conjunction with important disclosure information, including an attestation under Regulation Analyst Certification, found at the end of this report or at the following site: http://www.piperjaffray.com/researchdisclosures. THE 19TH ANNUAL ENERGY CONFERENCE RECAP FEBRUARY 26–28, 2019 | LAS VEGAS, NV Participants REFINING PANEL OFS INTERNATIONAL PANEL SMID-CAP OIL SERVICE PANEL Rich Voliva Owen Kratz C. Christopher Gaut EVP & CFO President & CEO Chairman & CEO HollyFrontier Corporation (HFC) Helix Energy Solutions Group (HLX) Forum Energy Technologies (FET) Erik Young Cindy Taylor Kevin Neveu CFO President & CEO President & CEO PBF Energy Inc. (PBF) Oil States International (OIS) Precision Drilling Corporation (PDS) Kevin Mitchell Dave Dunlap Joel Broussard EVP, Finance & CFO President & CEO President & CEO Phillips 66 (PSX) Superior Energy Services (SPN) U.S. Well Services Inc. (USWS) COMPLETION SERVICES PANEL E&P SMID DIVERSIFIED BASIN PANEL E&P INTEGRATED PANEL Scott Bender Taylor Reid Bjørn Inge Braathen President & CEO President & COO SVP Exploration North America Cactus, Inc. (WHD) Oasis Petroleum (OAS) Equinor ASA (EQNR) Ron Gusek Lynn Peterson Roger Jenkins President President & CEO President & CEO Liberty Oilfield Services, Inc. (LBRT) SRC Energy Inc. (SRCI) Murphy Oil Corp. (MUR) Ann Fox President & CEO PRIVATE EQUITY PANEL NATURAL GAS PANEL Nine Energy Services, Inc.
[Show full text]
A Good Story to Tell
A Good Story To Tell 10/18/10 Howard Newman isn’t shy about giving his views on the energy business. On the BP plc oil spill: “The well was very badly managed.” On the government’s response: “Not very thoughtful.” On the surge of exploration for natural gas shale in the U.S.: “What are we going to do with the gas?” At 63, Newman has worked in the oil patch for more than 30 years. After a stint doing energy deals as an investment banker at Morgan Stanley, for 22 years he specialized in energy investments at Warburg Pincus. In 2006, he started his own firm, Pine Brook Road Partners LLC, which raised $1.43 billion for its debut fund last year. “He’s got a great understanding of our business,” says Robert Zorich, managing partner at Houston-based EnCap Investments LP, which has co-invested with Newman. “But he also combines common sense and logic with his brain power and experience, and the common sense- logic piece is generally what separates people who are successful commercially from people who are just smart.” Newman’s first exit at Pine Brook was a success: The May 19 sale of Common Resources LLC’s natural gas properties in the Haynesville and Eagle Ford shales to Exco Resources Inc., BG Group plc and Talisman Energy Inc. brought in $805 million — a threefold return for Pine Brook, EnCap and management as well as Soros Fund Management LLC, which provided bridge financing at the outset and later invested in the company. The sale came as a surprise.
[Show full text]
Top 10 Fund Managers by Strategy Download Data
View the full edition of Spotlight at: https://www.preqin.com/docs/newsletters/pe/Preqin-Private-Equity-Spotlight-June-2015.pdf Lead Article Top 10 Fund Managers by Strategy Download Data Top 10 Fund Managers by Strategy Matthew Morris compiles league tables of the top 10 fund managers by strategy to take a closer look at which GPs have raised the most capital over the past decade and which have the most available to invest. Preqin’s Fund Manager Profi les online service currently holds based on the value of funds raised from third-party investors over information on over 8,800 active private equity fund managers the past 10 years, as well as by the estimated amount of dry powder covering a variety of different investment strategies. The tables available for future investments. below* provide a snapshot of the largest players for each fund type Fig. 1: Buyout – 10 Largest Fund Managers by Total Funds Fig. 2: Buyout – 10 Largest Fund Managers by Estimated Dry Raised in Last 10 Years Powder Total Funds Estimated Dry Rank Firm Headquarters Rank Firm Raised in Last 10 Headquarters Powder ($bn) Years ($bn) 1 Blackstone Group 21.4 US 1 Blackstone Group 56.3 US 2 Carlyle Group 18.0 US 2 Carlyle Group 55.4 US Apollo Global 3 17.9 US 3 TPG 51.5 US Management 4 Kohlberg Kravis Roberts 50.6 US 4 CVC Capital Partners 17.9 UK 5 CVC Capital Partners 48.5 UK 5 Hellman & Friedman 12.7 US Apollo Global 6 TPG 11.2 US 6 43.2 US Management 7 Bain Capital 10.9 US 7 Bain Capital 39.2 US 8 Kohlberg Kravis Roberts 8.1 US 8 Apax Partners 32.1 UK 9 Silver Lake 7.5 US 9 Advent International 28.2 US 10 Goldman Sachs 7.1 US 10 Hellman & Friedman 28.2 US Source: Preqin Fund Manager Profi les Source: Preqin Fund Manager Profi les Fig.
[Show full text]