Fundraising Fox

EnCap Flatrock Midstream

Venture capital

San Antonio · 17 people tracked

Also known as FLATROCK ENERGY ADVISORS, LLC

Fox Verdict
Sign up to see your fit

Investment thesis

EnCap Flatrock Midstream focuses on making targeted venture capital investments in top midstream management teams within the energy sector. Beyond providing capital, the firm supports its portfolio companies' growth through operational expertise, hands-on support, and access to an extensive network of industry contacts. EFM emphasizes long-term partnership, working to help each portfolio company achieve sustainable success and growth.

Source: firm website, verified Aug 18, 2026.

HQ
San Antonio, US
Instruments
Equity
Founded
2008
Tracked investments
11

Team · 17 people

from the firm's website

What they invest in

from 8 of 11 portfolio companies

Energy ×8Logistics & Supply Chain ×2Cleantech ×1Climate Tech ×1

HQs:United States×6

Investments · 11 tracked

founders shown can be your intro path
Edgewatermidstreamedgewatermidstream.com✓ verified

Edgewater Midstream acquires, develops, and operates petroleum pipelines and storage terminals near major North American trading hubs and demand centers.

EnergyLogistics & Supply ChainHouston, US

Manchesterenergymanchesterenergy.comin✓ verified

Manchester Energy develops and transforms energy infrastructure businesses across the energy value chain, including expansion into next-generation energy and carbon mitigation projects.

CleantechClimate TechEnergy

Modamidstreammodamidstream.com✓ verified

Moda Midstream is an independent midstream infrastructure provider that acquires and develops last-mile liquids storage and transportation terminals, with an emphasis on deep-water capabilities.

EnergyLogistics & Supply ChainKingwood, US

Aspen Midstreamaspenmidstream.com

Aspen Midstream builds and operates midstream energy infrastructure that connects North American supply basins to markets and demand centers.

Energy

Brazosmidstreambrazosmidstream.comin

Brazos Midstream is a midstream services provider operating in the Permian Basin's Midland Basin, serving oil and gas producers and operators.

Energy

Cardinalmpcardinalmp.com
Clearforkmidstreamclearforkmidstream.com

Clearfork Midstream provides midstream gathering, treating, and transportation services for natural gas producers operating in the Haynesville Shale, moving gas to U.S. market hubs including Gulf Coast LNG export facilities.

EnergyFort Worth, US

Kipper OverstreetBrent Worthy(CFO)

Frontier Energyfrontierenergyllc.com
Greenfieldmidstreamgreenfieldmidstream.comin

Greenfield Midstream provides crude oil gathering and storage services to oil producers, operating Black Diamond Gathering—a joint venture with Chevron—in the Denver Julesburg (DJ) Basin.

Energy

Momentummidstreammomentummidstream.com

Momentum operates natural gas midstream infrastructure across the Haynesville Shale, connecting natural gas supply from East Texas and Louisiana to Gulf Coast power, industrial, and petrochemical markets.

Energy

Rangelandmidstreamrangelandmidstream.ca

Fund performance · per public LP disclosures · 6

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
EnCap Flatrock Midstream Fund IV LPLPs: California State Teachers' Retirement System, Florida State Board of Administration, Maine Public Employees Retirement System +2 more20189.6%1.32x0.59x
Encap Flatrock Midstream IV L.P.LPs: Sacramento County Employees' Retirement System20188.0%1.25x0.49x
EnCap Flatrock Midstream Fund IV PELPs: Maine Public Employees Retirement System20171.12x0.21x
EnCap Flatrock Midstream Fund III LPLPs: California State Teachers' Retirement System, Florida State Board of Administration, Maine Public Employees Retirement System +5 more20149.6%1.41x1.20x
EnCap Flatrock Midstream Fund III PELPs: Maine Public Employees Retirement System20147.2%1.16x0.48x
Encap Flatrock Midstream IIILPs: Sacramento County Employees' Retirement System20149.6%1.41x0.99x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has EnCap Flatrock Midstream made?
EnCap Flatrock Midstream has 11 tracked investments.
What sectors does EnCap Flatrock Midstream focus on?
EnCap Flatrock Midstream focuses on Energy.
Where is EnCap Flatrock Midstream located?
EnCap Flatrock Midstream is headquartered in San Antonio, US.

Similar investors

Featured in lists