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T&K advises EnCap Flatrock Midstream on $3.25B fund
Private equity firms focused on the energy sector have continued to raise money for bigger and bigger investment funds, and EnCap Flatrock Midstream is no exception. The San Antonio entity said Jan. 18 it raised $3.25 billion for its fourth fund, $250 million over its initial target and its previous fund.
Thompson & Knight advised EnCap Flatrock with a team led by partner Michael Pierce in Houston. He was assisted by partners Anna Marie Dempsey and Mitch Gibbons and associates Nathan Stone, Dasha Hodge and Cesar Leyva, all of Houston.
Other T&K attorneys who helped out were Houston partner Roger Aksamit and Dallas partner Todd Keator and Houston associate Murtuza Hussainand Dallas partner John Cohn, all on tax; Dallas partner Jason Loden and Fort Worth associate Jessica Morrison on ERISA matters; and Austin and Houston partner Jim Morriss on environmental issues.
The closing brings EnCap Flatrock’s institutional capital commitments to nearly $9 billion from more than 300 investors.
EnCap Flatrock, a partnership between EnCap Investments and Flatrock Energy Advisors founded by managing partners Bill Waldrip, Dennis Jaggi and Billy Lemmons, provides growth capital to management teams in the midstream sector of the North American energy industry.