EnCap Investments Gathering $4.25 Billion for Next Energy Fund
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EnCap Investments LP, the private-equity firm that has backed about 190 oil and gas companies since 1988, is seeking $4.25 billion for a new fund, according to a summary of terms obtained by Bloomberg News.
EnCap Energy Capital Fund IX LP will invest in so-called upstream companies, or those focusing on oil and gas exploration and production. The fund’s predecessor raised $3.6 billion in January 2011.