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Laxman Pai, Opalesque Asia:

EnCap Investments, which typically invests in the upstream sector of the oil and gas industry in North America, closed its latest fund, EnCap Energy Capital Fund XII, at its $5.25 billion hard cap.

Inclusive of $1.2 billion of co-investment thus far, the firm raised a total of $6.4 billion associated with Fund XII, said a media release from the provider of growth capital to the independent sector of the U.S. energy industry.

As per the release, EnCap has a long history of providing growth capital to proven management teams focused on the upstream sector of the oil and gas industry in North America. Fund XII currently includes investments in twelve portfolio companies, ten of which are managed by teams the firm has successfully partnered with in previous funds.

Managing Partner Doug Swanson said: "We see this fundraise as a strong demonstration of support for our longstanding investment strategy. We are extremely grateful to our long-term investors who partnered with us in Fund XII. We are also very excited to add many high-quality new investors as partners, with approximately 40 percent of the capital commitments stemming from new relationships with institutional investors and large family offices."

In addition to Fund XII, EnCap also recently finalized fundraises for its two other investment verticals, EnCap Energy Transition Fund II and EnCap Flatrock Midstream Fund V. All three EnCap platforms achieved final close this year and ......................

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