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EnCap Energy Transition

Private equityActively deploying

Houston · Seed–Late Stage · 2 people tracked

Also known as ENCAP ETF MANAGEMENT, LLC · ENCAP INVESTMENTS L.P.

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Investment thesis

EnCap invests in the energy sector across upstream, midstream, and energy transition platforms, backing seasoned management teams with proven track records, strong technical and operational skills, and well-defined business plans. The firm applies a conservative, disciplined approach to deploying capital in incremental stages as business plans prove themselves. It favors experienced teams that value strong stakeholder relationships and limits leverage to balance capital preservation with value creation. EnCap also targets early-stage opportunities where its sector expertise adds value, and continues to identify attractive segments including those arising from the global transition to a lower-carbon energy system. ESG factors are integrated into its investment decision-making.

Invests inCleantechClimate TechEnergyGeorge Town, Grand CaymanGlobalHoustonUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
HQ
Houston, US
Instruments
Equity
Founded
1988
AUM
$2B
VC funds
4
Tracked investments
42

Team · 2 people

from the firm's website
Matt Crystal· Managing Director

What they invest in

from 1 of 42 portfolio companies

Cleantech ×1Climate Tech ×1Energy ×1SaaS ×1

HQs:United States×1

Investments · 42 tracked

founders shown can be your intro path
Plains All American Pipeline, L.PNASDAQ: PAA
3Roperating3roperating.comin
Aithersystemsaithersystems.com
Black Swan Oil & Gas
Blackswanogblackswanog.com
Catalyzecatalyze.energyin

Catalyze develops and builds commercial and industrial renewable energy projects, including solar and battery energy storage, using proprietary technology to standardize the origination-to-operations process.

CleantechClimate TechEnergySaaSMadison, US

Mohan Balachandran(Executive Officer, Director)Mark Bakken(Director)Travis Good(Executive Officer, Director)Don Layden(Director)James Burgum(Director)

Double Eagle IV
Doubleeagledevelopmentdoubleeagledevelopment.comin
Dunamis Energydunamis-energy.comin
Encino Environmental Services
Encinoenvironencinoenviron.comin
Enduring Resources IV
Enduringresourcesenduringresources.com
Grayson Mill Energygraysonmillenergy.com
Grenadier Energy III
Grenadierenergygrenadierenergy.com
Lineaenergylineaenergy.comin𝕏
Mantlereachmantlereach.com
Novo Oil & Gas
Novoognovoog.com
Paloma Natural Gaspalomanaturalgas.com
Paloma Partners IV
Palomaresourcespalomaresources.com
Parliamentenergyparliamentenergy.us
Pegasus Resources II
Pegasusresourcespegasusresources.com
PennEnergy Resourcespennenergyresources.com
PetroLegacy Energy II
Piedra Resources III
Piedra Resources IV
Plainsallamericanplainsallamerican.comin
Plellcplellc.comin
Ridge Runner II
Sabalo Energy II
Sabaloenergysabaloenergy.com
Solarproponentsolarproponent.com
Tumbleweed Royalty IV
Tumbleweedroyaltytumbleweedroyalty.com
Verdun Oil Company
Verdunoilcoverdunoilco.com
X2 Resources
X2Rx2r.com

Public market activity · per SEC filings

what is this? ⓘ

58 insider ownership filings (Forms 3/4/5)

Files 13F institutional holdings reports · latest May 2026

From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

What stage does EnCap Energy Transition invest at?
EnCap Energy Transition invests at the Seed, Growth, Late Stage stages.
What sectors does EnCap Energy Transition focus on?
EnCap Energy Transition focuses on Cleantech, Climate Tech, Energy.
Where is EnCap Energy Transition located?
EnCap Energy Transition is headquartered in Houston, US.

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