NGP Energy Capital
Dallas-based private equity firm investing across natural resources (oil & gas, midstream, mineral/royalty interests) and energy transition (renewables, electrification, carbon management).
NGP Energy Capital Management (originally Natural Gas Partners) was co-founded in November 1988 by Kenneth Hersh, David Albin, Richard Rainwater, and Gamble Baldwin as an oil-and-gas private equity fund; it has since broadened into two practice areas — Natural Resources (upstream, midstream, mineral/royalty acquisitions) and Energy Transition (renewables, electrification, efficiency, carbon management, data-center infrastructure). Since 2012, The Carlyle Group has held a majority revenue-sharing interest in the firm while NGP continues to operate under its own name. NGP reports $25B in cumulative capital commitments since inception and has backed more than 300 development platforms across the energy sector. Current Managing Partner is Chris Carter; the Energy Transition practice — through which NGP invested in PhysicsX — is co-headed by Philip Deutch and Sam Stoutner.
Overview
- Firm
- NGP Energy Capital Management, L.L.C.
- Headquarters
- Dallas, TX
- Founded
- 1988
- AUM
- $25B in cumulative capital commitments since 1988 (per NGP's own site); a dedicated $700M clean-energy/energy-transition fund was raised in 2021 (Dallas Innovates)
- Stages
- Series A, Series B, Growth
- Thesis
- Backs experienced entrepreneurs and management teams across two practice areas — traditional Natural Resources (upstream oil & gas, midstream, mineral/royalty interests) and Energy Transition (renewables, electrification, carbon management, data-center infrastructure) — investing 'to ensure responsible, secure energy today and to accelerate the transition to a more sustainable energy future.'
- Website
- ngpenergy.com
Portfolio companies1
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Frequently asked
- What is NGP Energy Capital?
- Backs experienced entrepreneurs and management teams across two practice areas — traditional Natural Resources (upstream oil & gas, midstream, mineral/royalty interests) and Energy Transition (renewables, electrification, carbon management, data-center infrastructure) — investing 'to ensure responsible, secure energy today and to accelerate the transition to a more sustainable energy future.'
- How much does NGP Energy Capital manage?
- NGP Energy Capital manages $25B in cumulative capital commitments since 1988 (per NGP's own site); a dedicated $700M clean-energy/energy-transition fund was raised in 2021 (Dallas Innovates) in assets, and was founded in 1988.
- What stages does NGP Energy Capital invest at?
- NGP Energy Capital invests at Series A, Series B, Growth.
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