EnCap Flatrock Midstream
Venture capitalSan Antonio · 26 people tracked
Also known as FLATROCK ENERGY ADVISORS, LLC
Find your way into EnCap Flatrock Midstream
22 people in our graph share verified history with the EnCap Flatrock Midstream team — schools, employers, funds. One of them is your warm intro.
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 Sep 1, 2026.
Team · 26 people
from the firm's website & public directoriesWhat they invest in
from 8 of 11 portfolio companiesEnergy ×8Logistics & Supply Chain ×5Cleantech ×1Climate Tech ×1
HQs:United States×7
Investments · 11 tracked
founders shown can be your intro pathAspen Midstream operates a portfolio of natural gas transmission, gathering, processing, and related infrastructure assets serving oil and gas producers across North America.
EnergyLogistics & Supply ChainDallas, US
Co-investorsEnCap Energy Transition
Edgewater Midstream provides midstream services to the producing community, leveraging combined management and engineering expertise across its partner team.
EnergyLogistics & Supply ChainHouston, US
Co-investorsEnCap Energy Transition
Manchester Energy develops and operates a diversified energy logistics platform focused on midstream infrastructure and energy solutions.
CleantechClimate TechEnergyLogistics & Supply ChainHouston, US
Khalid A. Muslih(Chief Executive Officer)inForrest E. Wylie(Executive Vice President, Strategy and Commercial)
Co-investorsEnCap Energy Transition
Moda Midstream is an independent logistics provider specializing in midstream infrastructure, including marine terminals, crude storage, and pipeline assets serving the energy and petrochemical industries.
EnergyLogistics & Supply ChainKingwood, US
Co-investorsEnCap Energy Transition
Brazos Midstream is a midstream services provider operating in the Permian Basin's Midland Basin, serving oil and gas producers and operators.
Energy
Co-investorsEnCap Energy Transition
Co-investorsEnCap Energy Transition
Clearfork is a midstream oil and gas company with leadership possessing over 105 years of combined industry experience.
EnergyFort Worth, US
Kipper OverstreetBrent Worthy(CFO)
Co-investorsEnCap Energy Transition
Co-investorsEnCap Energy Transition
Greenfield operates midstream infrastructure projects with a management team experienced across major U.S. basins, serving oil and gas producers.
EnergyLogistics & Supply ChainHouston, US
Chris Coxon(CEO)in
Co-investorsEnCap Energy Transition
Momentum Midstream builds and operates critical midstream infrastructure for transporting oil and natural gas across major U.S. supply basins.
EnergyGulf Coast, US
Co-investorsEnCap Energy Transition
Co-investorsEnCap Energy Transition
Fund performance · per public LP disclosures · 6
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| EnCap Flatrock Midstream Fund IV LPLPs: California State Teachers' Retirement System, Florida State Board of Administration, Maine Public Employees Retirement System +2 more | 2018 | — | 9.6% | 1.32x | 0.59x |
| Encap Flatrock Midstream IV L.P.LPs: Sacramento County Employees' Retirement System | 2018 | — | 8.0% | 1.25x | 0.49x |
| EnCap Flatrock Midstream Fund IV PELPs: Maine Public Employees Retirement System | 2017 | — | — | 1.12x | 0.21x |
| EnCap Flatrock Midstream Fund III LPLPs: California State Teachers' Retirement System, Florida State Board of Administration, Maine Public Employees Retirement System +5 more | 2014 | — | 9.6% | 1.41x | 1.20x |
| EnCap Flatrock Midstream Fund III PELPs: Maine Public Employees Retirement System | 2014 | — | 7.2% | 1.16x | 0.48x |
| Encap Flatrock Midstream IIILPs: Sacramento County Employees' Retirement System | 2014 | — | 9.6% | 1.41x | 0.99x |
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
ACT Venture Capital is an independent Irish venture capital firm that invests €1 million to €15 million in growth-stage private companies, with capacity for larger commitments through syndicated rounds.
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
Amadeus Capital Partners is a technology investment firm that backs founders building complex, science-led and deep tech businesses, supporting them over the long term as they scale internationally.
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Blume Ventures is a seed and pre-Series A investment firm headquartered in Mumbai that focuses on early-stage companies in India.



















.jpeg)