EnCap Looks to Make Quick Close for Fund VIII

EnCap Investments is targeting $3.5 billion for its EnCap Energy Capital Fund VIII. The firm reportedly hopes to hold a final close by the end of 2010. Park Hill Group is serving as the lead arranger for the fund, which already received a $25 million commitment from the New Mexico Public Employees' Retirement Association. EnCap raised $2.5 billion for its vintage 2007 EnCap Energy Capital Fund VII.