Encap Investments L.P. logo

Encap Investments L.P.

Institutional venture firmSEC venture capital fund adviser· Houston, TexasENCAPINVESTMENTS.COM

EnCap Investments is the leading provider of growth capital to independent energy companies.

In the firm's own words, from its website.

Reported fund assets
$27B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
59
Latest vintage
2024
More
Ask DFX about thisView relationshipsFind contactsInvestments (10)Team (76)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

64 additional team members, 14 additional co-investors and affiliates, 131 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.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days. Last change: 30 Mar 2026, 1 departure and 1 arrival on record in 12 months.

Relationship network

112 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.

Reading the network
  • Sponsor
  • Company
  • Capital provider
  • Fund or vehicle
  • Person

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.

How am I connected?

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.

See how you connect to Encap Investments L.P.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

10 companies on record, 0 new in 12 months
Investments on record
10 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Moda Midstream IIportfolio listingunknownunknownunknownunknownSep 23, 2026Fact Company website
Manchester Energyportfolio listingunknownunknownunknownunknownSep 19, 2026Fact Company website
Edgewater Midstreamportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Company website
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
Sectors
climate, energy
Stages
early
Geography
global, north america, texas
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
unknown 100%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

76 current, 3 departed
Investment team
76 current, 3 departed
3 departed (kept with end dates)
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

25 vehicles, 4 LPs disclosed
Funds and vehicles
25 reported, 12 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Efm-Rangeland IV Aiv, L.P.Fund2024 adv first reportedEarly deployment$1.3M
Sep 14, 2026
208unknownunknown
Encap Energy Capital Fund Xii, L.P.Fund2023 form d first saleActive deployment$6.5B
Mar 30, 2026
523$2.1BApr 18, 2024
Encap Flatrock Midstream Fund V, L.P.Fund2023 adv first reportedActive deployment$1.3B
Sep 14, 2026
49unknownunknown
Limited partners
4 LPs, 21 disclosed commitments
Known LPs and allocators
82 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
California State Teachers' Retirement SystemSTATE RETIREMENT SYSTEMEncap Energy Capital Fund Xi, L.P.$300M
committed
reported as of Jun 30, 2025Fact Pension disclosure
Oregon Public Employees Retirement FundPUBLIC INSTITUTIONAL POOLEncap Energy Capital Fund Xi, L.P.$250M
committed
reported as of Mar 31, 2026Fact Pension disclosure
California State Teachers' Retirement SystemSTATE RETIREMENT SYSTEMEncap Energy Capital Fund VII, L.P.$250M
committed
reported as of Jun 30, 2025Fact Pension disclosure

Relationships across DFX

1 co-investors · on 4 other DFX graphs
Co-investors
1 counted from shared deals, for the whole firm
Across DFX and the capital chainon 4 other DFX graphs · 227 capital paths Show
Across DFX
Across the graphs

Encap Investments L.P. is the same institution as 4 records in Family Offices, Independent Sponsors, Allocators and RIA and Wealth.

Family Offices1Independent Sponsors1Allocators1RIA and Wealth1

DFX found 4 relationships across 4 datasets

Which record it is in each graph, what it is called there, and what the two were joined on.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Encap Investments L.P. sits on 227 traced paths of capital across the graphs.

Allocator commitments to a managerAllocator to VC fund to manager to company

DFX traced 227 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

60 dated events, 88 observations from 4 sources
Timeline
60 dated events
  1. Mar 30, 2026
    Encap Energy Capital Fund Viii, L.P. first reported on Form ADV by Encap Investments L.P. (Venture Capital Fund), GAV $1,660,343,158
    Fund first reported on Form ADVFundsInferenceEncap Energy Capital Fund Viii, L.P.Form ADV
  2. Mar 30, 2026
    Robert Houston Haier (Chief Compliance Officer & Senior Advisor) no longer on Schedule A of Encap Investments L.P.
    Person leftPeopleInferenceRobert Houston HaierForm ADV
  3. Jan 1, 2026
    Anne Christian Kerr joined Schedule A of Encap Investments L.P. as Chief Compliance Officer
    Person joinedPeopleFactAnne Christian KerrForm ADV
  4. Mar 28, 2024
    Efm-Rangeland IV Aiv, L.P. first reported on Form ADV by Encap Investments L.P. (Venture Capital Fund), GAV $500,537
    Fund first reported on Form ADVFundsFactEfm-Rangeland IV Aiv, L.P.Form ADV
  5. Mar 28, 2024
    Encap Energy Capital Fund Xii, L.P. first reported on Form ADV by Encap Investments L.P. (Venture Capital Fund), GAV $1,983,239,055
    Fund first reported on Form ADVFundsFactEncap Energy Capital Fund Xii, L.P.Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 25 private fundsShow
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 GP, L.L.C. (General Partner), owns under 5%; Encap Investments Holdings LLC (Limited Partner), owns 75% or more
Classification history
Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $27.0B across 25 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $27.9B across 24 vehicles
  3. Sep 14, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $27.8B across 23 vehicles
  4. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $28.0B across 23 vehicles
Evidence
88 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2012-03-22Mar 30, 2026FactForm ADV
First Form ADV filing2012-03-22Mar 28, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
Adv pdf loadedadv-pdf-1Sep 14, 2026FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2012-03-22Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
Contact page urlSep 16, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 15, 2026Factno URL
Entity typeLimited PartnershipAug 22, 2023FactForm D
Form D fund typeVenture Capital FundAug 22, 2023FactForm D
Form D industry groupPooled Investment FundAug 22, 2023FactForm D
AmendmenttrueAug 22, 2023FactForm D
Revenue range (Form D)Decline to DiscloseAug 22, 2023FactForm D
HeadquartersHouston, TXMar 30, 2026FactForm ADV
HeadquartersHouston, TXMar 28, 2024FactForm ADV
IncorporatedwithinFiveYearsAug 22, 2023FactForm D
JurisdictionDelawareAug 22, 2023FactForm D
Amount sold (Form D)931,026,025Aug 22, 2023FactForm D
Exemptions06b, 3C, 3C.7Aug 22, 2023FactForm D
First sale2022-12-15Aug 22, 2023FactForm D
Indefinite offeringtrueAug 22, 2023FactForm D
Investors (Form D)44Aug 22, 2023FactForm D
Minimum investment (Form D)0Aug 22, 2023FactForm D
Securities offeredEquity, pooledAug 22, 2023FactForm D
Office addressMar 30, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Office addressAug 22, 2023FactForm D
Legal formLimited PartnershipMar 30, 2026FactForm ADV
Legal formLimited PartnershipMar 28, 2024FactForm ADV
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 15, 2026Factno URL
Private funds reported25Mar 30, 2026FactForm ADV
Private funds reported25Mar 30, 2026FactForm ADV
Private funds reported24Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$27BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$27BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$28BMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Mar 30, 2026FactForm ADV
Stated geographyGlobal, north america, texas
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyGlobal, north america, texas
“geography words on the home page”
Sep 15, 2026Factno URL
Stated sectorsClimate, energy
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, climate, energy
“sector words on the home page”
Sep 15, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 15, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 15, 2026Factno URL
Venture funds reported25Mar 30, 2026FactForm ADV
Venture funds reported25Mar 30, 2026FactForm ADV
Venture funds reported24Mar 28, 2024FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Site titleSep 16, 2026Factno URL
Site titleSep 15, 2026Factno URL
Year of incorporation2022Aug 22, 2023FactForm D
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 3 filing advisers share this firmShow
Importance
69
high
Active deployment
28
moderate
Emerging
0
low
Freshness
98
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $27.0B across 25 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.

The inputs behind each score
importance
gav: $1 · funds: 1 · people: 1 · investments: 0.18 · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0.33 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 37 · reported gav: $27B · first adv filing: 2012-03-22 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

1 scored match, best firstas of
  • score 29.2confidence 90%
    Why: sector fit; geography fit; activity

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

2 dated events on the change ledger, latest first
  • Form D filed
    2023-08-22source
  • Adviser's first ADV filing
    2012-03-22source

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.