EnCap Flatrock Midstream Closes $3.25 Billion Fund

SAN ANTONIO–(BUSINESS WIRE)–#midstream—EnCap
Flatrock Midstream (“EnCap Flatrock”) today announced the final
closing of EnCap Flatrock Midstream Fund IV, L.P. ("EFM IV"). The
substantially oversubscribed fund exceeded its $3 billion target and
reached its $3.25 billion hard cap within six months. EnCap Flatrock
Midstream provides value-added growth capital to management teams in the
midstream sector of the North American energy industry. EnCap Flatrock’s
prior fund, EnCap Flatrock Midstream Fund III, L.P., closed at $3
billion in May 2014.

EFM IV received strong support from the limited partner community. The
closing brings total institutional capital commitments to EnCap Flatrock
Midstream to nearly $9 billion from a diverse group of more than 300
investors spanning four funds.

“It is a very exciting time in midstream, and we are extremely pleased
to be able to draw on a fresh pool of available capital. As we deploy
EFM IV, we will continue to create value by supporting the best
midstream management teams in North America and using our experience and
contacts to help drive their success,” said EnCap Flatrock Founder and
Managing Partner Bill Waldrip.

“Our core belief is that midstream success begins with upstream
success,” said EnCap Flatrock Midstream Founder and Managing Partner
Billy Lemmons. “The management teams in our portfolio share that belief.
We work together to help their customers bring oil and gas products from
the wellhead to the best markets in the most efficient and effective way
possible.”

About EnCap Flatrock Midstream

EnCap Flatrock Midstream provides value-added growth capital to proven
management teams focused on midstream infrastructure opportunities
across North America. The firm was formed in 2008 by a partnership
between EnCap
Investments L.P. and Flatrock Energy Advisors, LLC. Based in San
Antonio with offices in Oklahoma City and Houston, EnCap Flatrock
Midstream is led by Managing Partners and Founders William D. Waldrip,
Dennis F. Jaggi and William R. Lemmons, Jr., Managing Partners Gregory
C. King and David J. Kurtz, and Partners Dennis J. McCanless and Sam
Pitts. The firm manages investment commitments of nearly $9 billion from
a broad group of prestigious institutional investors. EnCap Flatrock
Midstream is currently making commitments to new management teams from
EFM Fund IV, a $3.25 billion fund. For more information please visit www.efmidstream.com.

Contacts

TEN|10 Group, LLC
Casey Nikoloric
303-433-4397 x101 o
303-507-0510
m
[email protected]