DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Encap Etf Management, LLC
Encap Etf Management, LLC
Institutional venture firmHouston, TXencapinvestments.comSEC venture capital fund adviserpart of EnCap Investments
One of 3 advisers that share encapinvestments.com; the firm is EnCap Investments. Encap Investments L.P., Encap Flatrock Midstream. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
venture manager, reported GAV $968M across 12 vehicles
Importance
36
elevated
Active deployment
25
moderate
Emerging
0
low
Completeness
38
elevated
Freshness
99
high
Research priority
18
moderate
Identity and regulatory footprint
- Headquarters
- Houston, TXadviserinfo.sec.gov
- Office address
- 9651 KATY FREEWAY, SUITE 600, Houston, TX, 77024adviserinfo.sec.gov
- Business phone
- 713.659.6100adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 30, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.5Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Encap Energy Transition Partners II, L.P. (Limited Partner Of Encap Energy Transition Fund Ii Gp, L.P. (Relying Adviser)), C; Encap Investments L.P. (Sole Member), E; Encap Energy Transition Fund II GP, LLC (General Partner Of Encap Energy Transition Fund Ii Gp, L.P. (Relying Adviser)), NA; Encap Renewable Investments Holdings II, LLC (Sole Member Of Encap Energy Transition Partners Ii Gp, Llc), E; Encap Investments GP, L.L.C. (General Partner Of Encap Investments L.P.), F; Encap Investments Holdings LLC (Sole Member Of Encap Investments Gp, L.L.C.), F; Encap Partners, LLC (Managing Member Of Encap Renewable Investments Holdings Ii, Llc), E; Encap Partners GP, LLC (General Partner Of Encap Partners, Lp), F; Encap Energy Transition Partners II GP, LLC (General Partner Of Encap Energy Transition Partners Ii, L.P.), F
- business phone
- 713.659.6100adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
12 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| EnCap Linea Co-Invest, L.P. | SPV or co-invest vehicle | 2025 form d first sale | Fundraising | unknown | unknown | $11.0M | Aug 12, 2025 |
| EnCap Energy Capital Fund XII-B, L.P. | Feeder or parallel | 2023 form d first sale | Active deployment | unknown | unknown | $61.7M | Apr 18, 2024 |
| Encap Energy Transition Fund Ii-A, L.P. | Feeder or parallel | 2022 form d first sale | Active deployment | $225M Mar 28, 2024 | 57 | $231M | Aug 31, 2023 |
| Encap Energy Transition Fund Ii-B, L.P. | Feeder or parallel | 2022 form d first sale | Active deployment | $145M Mar 28, 2024 | 24 | $149M | Aug 31, 2023 |
| Encap Energy Transition Fund Ii-C, L.P. | Fund | 2022 form d first sale | Active deployment | $97.7M Mar 28, 2024 | 24 | $100M | Aug 31, 2023 |
| Encap Etf Management, LLC | Fund | 2022 form d first sale | Active deployment | unknown | unknown | $513M | Aug 31, 2023 |
| Encap Energy Transition Fund Ii-E, L.P. | Fund | unknown | Unknown | $500M Mar 28, 2024 | 10 | unknown | unknown |
| EnCap Parliament Co-Invest B, L.P. | SPV or co-invest vehicle | unknown | Fundraising | unknown | unknown | $0 | Apr 16, 2026 |
| EnCap Energy Transition Fund III-E, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 | Feb 26, 2026 |
| EnCap Energy Transition Fund III-A, L.P. | Feeder or parallel | unknown | Fundraising | unknown | unknown | $0 | Feb 26, 2026 |
| EnCap Parliament Co-Invest, L.P. | SPV or co-invest vehicle | unknown | Fundraising | unknown | unknown | $0 | Aug 8, 2025 |
| EnCap Linea Co-Invest B, L.P. | SPV or co-invest vehicle | unknown | Fundraising | unknown | unknown | $0 | Jun 24, 2026 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
1 current, 0 departed
Robert Houston Haier
Platform and operationsChief Compliance Officer & Senior Advisor Of Sole Member · since Jan 1, 2021
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
1 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
6 dated events
- Aug 31, 2023EnCap Energy Transition Fund II-E, L.P. filed Form D/A: $512,590,000 sold (indefinite offering), Venture Capital Fund
- Mar 29, 2023Encap Etf Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023Encap Energy Transition Fund Ii-B, L.P. first reported on Form ADV by Encap Etf Management, LLC (Venture Capital Fund), GAV $78,140,524Fund first reported on Form ADVFundsFactEncap Energy Transition Fund Ii-B, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023Encap Energy Transition Fund Ii-C, L.P. first reported on Form ADV by Encap Etf Management, LLC (Venture Capital Fund), GAV $52,550,635Fund first reported on Form ADVFundsFactEncap Energy Transition Fund Ii-C, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023Encap Energy Transition Fund Ii-E, L.P. first reported on Form ADV by Encap Etf Management, LLC (Venture Capital Fund), GAV $425,004,952Fund first reported on Form ADVFundsFactEncap Energy Transition Fund Ii-E, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023Encap Energy Transition Fund Ii-A, L.P. first reported on Form ADV by Encap Etf Management, LLC (Venture Capital Fund), GAV $182,933,946Fund first reported on Form ADVFundsFactEncap Energy Transition Fund Ii-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $968M across 12 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $968M across 11 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $968M across 4 vehicles
Evidence
47 observations from 4 sources