Encap Investments L.P.
EnCap Investments is the leading provider of growth capital to independent energy companies.
In the firm's own words, from its website.
65 additional team members, 14 additional co-investors and affiliates, 123 additional investments, funds and LPs, 55 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Regulatory footprint (Form ADV): Exempt reporting adviser · 25 private funds · filed Mar 30, 2026 source
Filed a Form D on Apr 18, 2024, for a fund listed on its Form ADV (see the fund).
Nothing material in the last 180 days. Last change: Mar 30, 2026, A team member departed on Mar 30, 2026. 1 departure and 1 arrival on record in 12 months.
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
117 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected? Published routes
Name your firm, a company or a person, and DFX finds the published routes to Encap Investments L.P.: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
Public record only. For routes through people you know, see Who can introduce you.
See how you connect to Encap Investments L.P.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Investing
15 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Lineaenergy | portfolio listing | unknown | unknown | unknown | unknown | Not dated (portfolio listing) | Fact Company website |
| Verdeoperating | portfolio listing | unknown | unknown | unknown | unknown | Not dated (portfolio listing) | Fact Company website |
| Swordfishenergy | portfolio listing | unknown | unknown | unknown | unknown | Not dated (portfolio listing) | Fact Company website |
Stated thesis versus observed behaviour
- Sectors
- climate, energy
- Stages
- early
- Geography
- global, north america, texas
- Check size
- not stated; DFX does not estimate checks from round sizes
People
76 current, 3 departed
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- D Martin Phillips · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Gary R Petersen · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Robert L Zorich · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
3 departed (kept with end dates)
- Edward Murphy Markham · Managing Partner · Apr 1, 2014 to Mar 30, 2022 Inference
- Rishi Girish Desai · Chief Compliance Officer · Jul 1, 2017 to Mar 26, 2020 Inference
- Robert Houston Haier · Chief Compliance Officer & Senior Advisor · Jan 1, 2021 to Mar 30, 2026 Fact
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
24 vehicles, 4 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Efm-Rangeland IV Aiv, L.P. | Fund | 2024 adv first reported | Early deployment | $1.3M Sep 14, 2026 | 208 | unknown | unknown |
| Encap Energy Capital Fund Xii, L.P. | Fund | 2023 form d first sale | Active deployment | $6.5B Mar 30, 2026 | 523 | $2.1B | Apr 18, 2024 |
| Encap Flatrock Midstream Fund V, L.P. | Fund | 2023 adv first reported | Active deployment | $1.3B Sep 14, 2026 | 49 | unknown | unknown |
Limited partners
- 1 commitment to 1 fund · $300M disclosed
- 1 commitment to 1 fund · $38.4M disclosed
- 1 commitment to 1 fund · $35.0M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | Encap Energy Capital Fund Xi, L.P. | $300M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
| Oregon Public Employees Retirement Fund | PUBLIC INSTITUTIONAL POOL | Encap Energy Capital Fund Xi, L.P. | $250M committed | reported as of Mar 31, 2026 | Fact Pension disclosure |
| California State Teachers' Retirement System | STATE RETIREMENT SYSTEM | Encap Energy Capital Fund VII, L.P. | $250M committed | reported as of Jun 30, 2025 | Fact Pension disclosure |
Relationships across DFX
1 co-investor · on 4 other DFX graphs
Co-investors
- 2026-11-021 shared deal · one time
Compare portfolios with Yorktown Partners LLC or any firm. Co-investors across the market
Across DFX and the capital chainon 4 other DFX graphs · 352 capital paths ShowHide
- Family office profile (matched by same CRD)
- Sponsor-market profile (matched by same SEC CIK)
- The same institution is held on Allocators, RIA and Wealth, Family Offices, Independent Sponsors, matched by identifier. See which records
Encap Investments L.P. is the same institution as 4 records in Allocators, RIA and Wealth, Family Offices and Independent Sponsors.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Checking your plan…
Encap Investments L.P. sits on 352 traced paths of capital across the graphs.
DFX traced 352 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
60 dated events, 135 observations from 4 sources
Timeline
- Mar 30, 2026Encap Energy Capital Fund Viii, L.P. first reported on Form ADV by Encap Investments L.P. (Venture Capital Fund), GAV $1,660,343,158
- Mar 30, 2026Robert Houston Haier (Chief Compliance Officer & Senior Advisor) no longer on Schedule A of Encap Investments L.P.
- Jan 1, 2026Anne Christian Kerr joined Schedule A of Encap Investments L.P. as Chief Compliance Officer
- Mar 28, 2024Efm-Rangeland IV Aiv, L.P. first reported on Form ADV by Encap Investments L.P. (Venture Capital Fund), GAV $500,537
- Mar 28, 2024Encap Energy Capital Fund Xii, L.P. first reported on Form ADV by Encap Investments L.P. (Venture Capital Fund), GAV $1,983,239,055
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 25 private fundsShowHide
- Headquarters
- Houston, TXadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- ENCAPINVESTMENTS.COM
- 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
- 25 (25 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $27Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Encap Investments Holdings LLC (Limited Partner), owns 75% or more; Encap Investments GP, L.L.C. (General Partner), owns under 5%; Encap Renewable Investments Holdings, LLC (Sole Member Of Encap Energy Transition Fund I Gp, Llc), owns 75% or more
Classification history
Classification history
Every classification this record has carried5 on recordShowHide
- Oct 17, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $26.9B across 24 vehicles
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $27.0B across 25 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $27.9B across 24 vehicles
- Sep 14, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $27.8B across 23 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $28.0B across 23 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 28, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-22 | Mar 30, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-22 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-03 | Nov 4, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-11-02 | Nov 3, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-30 | Nov 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-29 | Oct 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-28 | Oct 29, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-27 | Oct 28, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-25 | Oct 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-23 | Oct 25, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-22 | Oct 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-21 | Oct 22, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-20 | Oct 21, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-19 | Oct 20, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-16 | Oct 19, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-12 | Oct 14, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-13 | Oct 14, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-10 | Oct 12, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-09 | Oct 11, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-08 | Oct 10, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-07 | Oct 9, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-06 | Oct 8, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-05 | Oct 6, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-10-02 | Oct 4, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-30 | Mar 30, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| Adv pdf loaded | adv-pdf-1 | Sep 14, 2026 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 30, 2026 | Fact | Form ADV |
| SEC status effective | 2012-03-22 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 30, 2026 | Fact | Form ADV | |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Contact page url | Oct 30, 2026 | Fact | ||
| Contact page url | Oct 15, 2026 | Fact | ||
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 30, 2026 | Fact | ||
| Description | Oct 15, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Entity type | Limited Partnership | Aug 22, 2023 | Fact | Form D |
| Form D fund type | Venture Capital Fund | Aug 22, 2023 | Fact | Form D |
| Form D industry group | Pooled Investment Fund | Aug 22, 2023 | Fact | Form D |
| Amendment | true | Aug 22, 2023 | Fact | Form D |
| Revenue range (Form D) | Decline to Disclose | Aug 22, 2023 | Fact | Form D |
| Headquarters | Houston, TX | Mar 30, 2026 | Fact | Form ADV |
| Headquarters | Houston, TX | Mar 28, 2024 | Fact | Form ADV |
| Incorporated | withinFiveYears | Aug 22, 2023 | Fact | Form D |
| Jurisdiction | Delaware | Aug 22, 2023 | Fact | Form D |
| Amount sold (Form D) | 931,026,025 | Aug 22, 2023 | Fact | Form D |
| Exemptions | 06b, 3C, 3C.7 | Aug 22, 2023 | Fact | Form D |
| First sale | 2022-12-15 | Aug 22, 2023 | Fact | Form D |
| Indefinite offering | true | Aug 22, 2023 | Fact | Form D |
| Investors (Form D) | 44 | Aug 22, 2023 | Fact | Form D |
| Minimum investment (Form D) | 0 | Aug 22, 2023 | Fact | Form D |
| Securities offered | Equity, pooled | Aug 22, 2023 | Fact | Form D |
| Office address | Mar 30, 2026 | Fact | Form ADV | |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Office address | Aug 22, 2023 | Fact | Form D | |
| Legal form | Limited Partnership | Mar 30, 2026 | Fact | Form ADV |
| Legal form | Limited Partnership | Mar 28, 2024 | Fact | Form ADV |
| Portfolio page | Oct 30, 2026 | Fact | ||
| Portfolio page | Oct 15, 2026 | Fact | ||
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 25 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 25 | Mar 30, 2026 | Fact | Form ADV |
| Private funds reported | 24 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $27B | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $27B | Mar 30, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $28B | Mar 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 30, 2026 | Fact | Form ADV |
| Stated geography | Global, north america, texas “geography words on the home page” | Oct 30, 2026 | Fact | |
| Stated geography | Global, north america, texas “geography words on the home page” | Oct 15, 2026 | Fact | |
| Stated geography | Global, north america, texas “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Global, north america, texas “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Global, north america, texas “geography words on the home page” | Sep 15, 2026 | Fact | |
| Stated sectors | Climate, energy “sector words on the home page” | Oct 30, 2026 | Fact | |
| Stated sectors | Climate, energy “sector words on the home page” | Oct 15, 2026 | Fact | |
| Stated sectors | Climate, energy “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Climate, energy “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, climate, energy “sector words on the home page” | Sep 15, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Oct 30, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Oct 15, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Oct 30, 2026 | Fact | ||
| Team page | Oct 15, 2026 | Fact | ||
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 25 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 25 | Mar 30, 2026 | Fact | Form ADV |
| Venture funds reported | 24 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 30, 2026 | Fact | Form ADV | |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Oct 30, 2026 | Fact | ||
| Site title | Oct 15, 2026 | Fact | ||
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact | ||
| Year of incorporation | 2022 | Aug 22, 2023 | Fact | Form D |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 3 filing advisers share this firmShowHide
Venture manager, reported GAV $26.9B across 24 vehicles
This firm files as 3 advisers on encapinvestments.com: Encap Etf Management, LLC, 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.
- importance
- gav: 1 · funds: 1 · people: 1 · investments: 0.34 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0.33 · vintage within 3y: 1 · latest investment at: 2018-01-31
- emerging manager
- fund count: 36 · reported gav: $27B · first adv filing: 2012-03-22 · years since first filing: 14.6
Connected records
Portfolio companies
- Lineaenergy
- Swordfishenergy
- Verdeoperating
5 more on this record
Funds
- Efm-Rangeland IV Aiv, L.P. (vintage 2024)
- Encap Energy Capital Fund Xii, L.P. (vintage 2023)
- Encap Flatrock Midstream Fund V, L.P. (vintage 2023)
33 more on this record
Co-investors
- Yorktown Partners LLC (1 shared deal)
Limited partners
- Alaska Permanent Fund Corporation
- California State Teachers' Retirement System
- Los Angeles City Employees' Retirement System
1 more on this record
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Form D filed2023-08-22source on record
- Adviser's first ADV filing2012-03-22source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: new companies, 12 mo.