EnCap Flatrock Midstream

EnCap Flatrock Midstream is a prominent private equity firm based in San Antonio, Texas, specializing in the North American midstream oil and gas sector. Established in 2008, the firm focuses on providing growth equity, buyouts, and recapitalization capital to companies involved in the gathering, processing, transportation, and storage of crude oil, natural gas, and natural gas liquids. They are known for partnering with experienced management teams to build and grow essential energy infrastructure businesses across the continent.

The firm's investment strategy emphasizes a long-term approach, leveraging deep industry expertise and a robust network to identify and support companies with strong growth potential. EnCap Flatrock Midstream's operational insights and strategic guidance are key components of their value proposition, helping portfolio companies optimize performance and expand their asset bases. Their focus on the midstream segment highlights their commitment to the critical infrastructure that connects energy production to end-users.

EnCap Flatrock Midstream has demonstrated substantial fundraising success and capital deployment capabilities. Since its inception, the firm has raised over $15 billion in capital commitments across five funds, underscoring its significant financial strength and investor confidence. Their most recent fund, EnCap Flatrock Midstream Fund V, closed in 2022 with $4.6 billion in commitments, further solidifying their position as a leading investor in the energy infrastructure space.

Typically, EnCap Flatrock Midstream commits substantial equity to its portfolio companies, with initial investments often ranging from $50 million to $500 million or more, depending on the scale and stage of the opportunity. These investments are directed towards established businesses or significant development projects within the midstream value chain, reflecting their preference for mature assets and proven management teams. The firm's disciplined investment process aims to generate attractive returns by supporting the development and expansion of vital energy infrastructure.