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Fundraising - MAY 4, 2021

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EnCap Investments closes first energy transition fund at $1.2b

by Kali Persall

EnCap Investments has closed its EnCap Energy Transition Fund I with $1.2 billion in capital commitments from both new and long-standing investors.

EnCap’s first energy transition fund was backed by a diverse set of domestic and international investors, including corporate and government-sponsored pension funds, sovereign wealth funds, family offices, endowments, foundations and high-net-worth individuals.

EnCap said the vehicle was created to invest in companies that advance the nation’s transition to a lower-carbon future, with a focus on creating wind, solar and energy storage enterprises. The energy transition fund has already deployed capital in five platform investments in the battery storage, distributed power, and utility-scale solar and wind sectors.

“With the support of our investors, we have been able to establish five enterprises that are supporting the transition of the power grid, and their early progress is exceeding our expectations,” sai

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