L-R: EnCap principals Bob Zorich, Martin Phillips,
Gary Peterson and David Miller.
L-R: EnCap principals Bob Zorich, Martin Phillips,
Gary Peterson and David Miller.Founded in 1988, EnCap Investments is a leading provider of private equity capital to North America's independent oil and gas industry. EnCap is led by David B. Miller, Gary R. Petersen, D. Martin Phillips and Robert L. Zorich who collectively have more than 130 years of oil and gas investment experience and have worked together for more than 30 years.
Since its inception, EnCap has raised 17 institutional oil and gas investment funds totaling approximately $18 billion and today manages capital on behalf of more than 200 institutional investors. EnCap's first six funds included three reserve acquisition funds and three mezzanine debt funds. In 1994, EnCap transitioned into private equity based on the belief that it offered a more attractive risk/return equation and better alignment of interest with the management teams of the firm's portfolio companies. These funds have concentrated on providing growth capital to small to mid-cap independents.
Over the history of the firm, EnCap has invested more than $5.4 billion in over 180 companies. Of those, 127 investments representing approximately $3 billion of that total have been realized, generating more than $7.7 billion in distributions to EnCap investors. Additional transactions completed over the last year include the largest IPO of 2010. EnCap invested in Oasis Petroleum in 2007. The company went public in June 2010, and since then share value has increased more than 110%. In 2010 the largest private equity fund raised worldwide was EnCap Energy Capital Fund VIII. The $3.5 billion fund is one of the largest institutionally supported funds in the country. Also in 2010, EnCap-sponsored companies represent four of the eight largest sales of independent oil and gas companies.
For additional information, please visit www.encapinvestments.com.