EnCap Flatrock Midstream Fund II Closes at Hard Cap
August 01, 2012
EnCap Flatrock Midstream has closed EnCap Flatrock Midstream Fund II on $1.75 billion of capital commitments, exceeding both its $1.25 billion target and the amount secured by its predecessor, EnCap Energy Infrastructure Fund, which closed in 2010 with $791.6 million and had an IRR of 34.16% as of December 31, 2011. Thompson & Knight served as legal counsel for the firm's latest fund. EnCap Flatrock Midstream backs management teams focusing on midstream energy infrastructure opportunities throughout North America.