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NGP raises $1.2b for 11th natural resources fund

by Reg Clodfelter

NGP Energy Capital Management has raised $1.16 billion for NGP Natural Resources XI, which launched in July 2013 with a $4.8 billion hard cap, according to a filing with the SEC.

According to documents from Pennsylvania’s Public School Employees’ Retirement System — which committed $100 million to the fund in June — the fund will continue its 10 predecessors’ strategy of investing in oil and gas production, midstream and oilfield services companies, providing capital to “owner managers” to purchase existing oil and gas

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