NGP Energy Capital Management, a private equity firm making direct equity investments in the energy sector, has raised $3.2 billion for its natural resources fund, NGP Natural Resources XII, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
NGP Natural Resources XII continues the fund series in focusing on oil and gas production, oilfield services, and energy midstream sectors through its Natural Gas Partners investment platform throughout the United States.
The fund’s predecessor, NGP Natural Resources XI, held a $5.3 billion final close in 2015.
NGP Energy Capital Management’s investment funds have more than $20 billion of cumulative equity commitments organized to make direct equity investments in the energy sector.
