EnCap Flatrock Midstream Closes $3.25 Billion Fund

January 18, 2018
EnCap Flatrock Midstream

SAN ANTONIO – January 18, 2018 - EnCap Flatrock Midstream (“EnCap Flatrock”) today announced the final closing of EnCap Flatrock Midstream Fund IV, L.P., ("EFM IV"). The substantially oversubscribed fund exceeded its $3 billion target and reached its $3.25 billion hard cap within six months. EnCap Flatrock Midstream provides value-added growth capital to management teams in the midstream sector of the North American energy industry. EnCap Flatrock’s prior fund, EnCap Flatrock Midstream Fund III, L.P., closed at $3 billion in May 2014.

EFM IV received strong support from the limited partner community. The closing brings total institutional capital commitments to EnCap Flatrock Midstream to nearly $9 billion from a diverse group of more than 300 investors spanning four funds.

“It is a very exciting time in midstream, and we are extremely pleased to be able to draw on a fresh pool of available capital. As we deploy EFM IV, we will continue to create value by supporting the best midstream management teams in North America and using our experience and contacts to help drive their success,” said EnCap Flatrock Founder and Managing Partner Bill Waldrip.

“Our core belief is that midstream success begins with upstream success,” said EnCap Flatrock Midstream Founder and Managing Partner Billy Lemmons. “The management teams in our portfolio share that belief. We work together to help their customers bring oil and gas products from the wellhead to the best markets in the most efficient and effective way possible.”

About EnCap Flatrock Midstream
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, EnCap Flatrock Midstream is led by Managing Partners and Founders William D. Waldrip, Dennis F. Jaggi and William R. Lemmons, Jr., Managing Partners Gregory C. King and David J. Kurtz, and Partners Dennis J. McCanless and Sam Pitts. The firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. For more information please visit www.efmidstream.com.

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