Thompson & Knight Aids EnCap On $5B Fund Closing

Law360, New York (February 1, 2013, 5:00 PM EST) -- Texas-based energy private equity fund EnCap Investments LP has closed its ninth fund with $5 billion in capital commitments after exceeding its $4.25 billion fundraising target and hitting its hard cap, EnCap announced Friday.

The fund, known as EnCap Energy Capital Fund IX LP, closed on Thursday with $5 billion in limited partner commitments. The new fund will focus on onshore, upstream oil and gas opportunities in the contiguous U.S., though EnCap may invest in Canadian plays and companies as well.

Roughly 80 percent of the...
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