NGP Energy Capital Management closed NGP Natural Resources XI, L.P. with total commitments of $5.325 billion.
NGP XI will provide private capital and sponsorship to the natural resources industry, focusing on the oil and gas production, oilfield services, and energy midstream sectors through its Natural Gas Partners investment platform.
Founded in 1988 and led by by Kenneth A. Hersh, Chief Executive Officer, and Tony R. Weber, Chief Operating Officer, NGP Energy Capital Management is a premier investment franchise in the natural resources industry with $16.5 billion in cumulative committed capital under management since inception. Its investment platform includes Natural Gas Partners, NGP Global Agribusiness Partners, and NGP Energy Technology Partners, L.P.
It is a strategic partner of The Carlyle Group.