EnCap Vitality Transition has closed its Vitality Transition Fund II (EETF II) with $1.5 billion in commitments, the corporate says.
EnCap has made funding commitments to 5 portfolio corporations via EETF II to date: Linea Vitality, Parliament Photo voltaic, PowerTransitions, Arbor Renewable Gasoline and Bildmore Renewables.
“The EnCap Vitality Transition crew is proud to have raised a large pool of capital to proceed to put money into the chance created by the shift to a lower-carbon vitality system. We drastically recognize the robust help from our current investor base and are happy to have added quite a few new, high-quality buyers, each domestically and internationally,” says Jim Hughes, EnCap managing companion.
“Since our inception in 2019, we now handle roughly $2.7 billion of capital commitments to put money into decarbonization and are excited for the alternatives forward of us.”
Vinson & Elkins served as authorized counsel to EnCap on the fund’s formation.
