
NGP Energy Technology Partners
Description
NGP Energy Technology Partners (NGP ETP) is a specialized private equity firm based in Washington, D.C., dedicated to investing in the energy sector. Unlike broader technology investors, NGP ETP specifically targets companies that develop and provide products and services crucial to the oil and gas, power generation, and renewable energy industries. This focused approach allows them to leverage deep industry knowledge and an extensive network within these complex markets, aiming to support innovation and growth across the energy value chain.
The firm primarily engages in growth equity investments, buyouts, and recapitalizations, seeking out companies with proven technologies, robust business models, and strong management teams poised for significant expansion. NGP ETP is currently deploying capital from its second dedicated fund, NGP ETP II, which successfully closed with $450 million in committed capital. This substantial fund size enables them to make meaningful investments, typically ranging from $20 million to $75 million of equity per transaction, targeting companies that can benefit from their strategic guidance and industry connections.
NGP ETP distinguishes itself by offering more than just capital; it provides strategic guidance and operational support, drawing on its team's extensive experience in the energy value chain. The firm benefits significantly from its sponsorship by NGP Energy Capital Management, a prominent private equity firm in the natural resources sector that has managed over $20 billion of cumulative committed capital since its inception in 1988. This affiliation provides NGP ETP with unparalleled access to industry insights, co-investment opportunities, and a vast network, solidifying its position as a key player in energy technology investment.
Investor Profile
NGP Energy Technology Partners has backed more than 29 startups, with 2 new investments in the last 12 months alone. The firm has led 10 rounds, about 34% of its total and boasts 5 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series C, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Energy, Manufacturing, Renewable Energy.
- Typical check size: $20M – $75M.
Stage Focus
- Series C (28%)
- Series A (21%)
- Series B (17%)
- Series Unknown (10%)
- Series D (7%)
- Private Equity (7%)
- Debt Financing (3%)
- Series E (3%)
- Series F (3%)
Country Focus
- United States (90%)
- Canada (10%)
Industry Focus
- Energy
- Manufacturing
- Renewable Energy
- Software
- Analytics
- Cleantech
- Environmental Engineering
- Greentech
- Saas
- Sustainability
Frequently Asked Questions
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