NGP has closed NGP Sustainable Real Assets (NGP SRA) with approximately $500 million of capital commitments from NGP’s dedicated energy-transition fund, NGP Energy Transition IV, and co-investors.
NGP SRA was formed to invest in real asset development platforms across the energy transition, including clean power, clean fuels, carbon, transportation and critical minerals. NGP SRA invests by partnering with management teams, often at the earliest stages of company formation, and provides capital and support to help build leading energy-transition platforms. NGP SRA generally targets equity commitments of $50 million to $150 million per investment.
“Our strategy with NGP SRA combines NGP’s 35-year track record of partnership-oriented investing, having backed more than 300 development platforms across the energy sector, with our firm’s significant capital, expertise and resources dedicated to the energy transition,” said Chris Carter, NGP’s managing partner.
