EnCap Energy Transition, a Houston, TX-based provider of growth capital to the independent sector of the U.S. energy industry, closed its Energy Transition Fund II, at $1.5M Billion.
The firm’s second energy transition fund is focused on low carbon power infrastructure, low carbon fuels, and carbon management investments.
It follows EnCap Energy Transition Fund I that had $1.2 Billion of total commitments with seven material portfolio company investments and four fund realizations to date including Broad Reach Power, Jupiter Power, Triple Oak, and Paloma Solar & Wind.
EnCap has already made investment commitments to five portfolio companies through EETF II including Linea Energy, Parliament Solar, PowerTransitions, Arbor Renewable Gas, and Bildmore Renewables. EnCap also has a pipeline of other potential investment opportunities pursuing strategies in renewables, energy storage, clean fuels, and carbon solutions and expects to have 8-10 portfolio companies in EETF II in total.
Since 1988, EnCap Investments has been a provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 25 institutional investment funds totaling approximately $41 Billion and currently manages capital on behalf of more than 350 U.S. and international investors.
FinSMEs
09/05/2024