United States · Investor

NGP

Last cheque observed Oct 2026; 12 cheques on record.

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Private equityDeploying nowLast fund $240M, May 2021

GrowthBuyoutEnergyNatural ResourcesEnergy Transition

Deploying now
100%of best year5cheques in 12 months, 12 on record
Since the last cheque28days00hrs00min00sec
Median round$105MRounds led0 of 12Exits1 from the portfolioMostly inUnited States, 67%
Pitch NGP

NGP highlights

  1. 01

    5 cheques in the last 12 months

  2. 02

    Mostly Series B and Series D: 60% of its rounds

  3. 03

    1 exits from the portfolio

What they do

Private equity for a changing world -- We invest in people, ideas and companies to ensure responsible, secure energy today and to accelerate the transition to a more sustainable energy future.From their own website
Type
Private equity
Cheque size
Not stated
Stages
GrowthBuyout
Sectors
EnergyNatural ResourcesEnergy Transition
Based in
Dallas, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first12 appearances

  1. 2026

    3 rounds

  2. Oct
    VoltusSeries D · US · NGP$225MWith 7 others
  3. Aug
    Form EnergySeries G · US · TechCrunch$750MWith 19 others
  4. Jun
    PhysicsXSeries C · GB · Firms' own news pages$300MWith 10 others
  5. 2025

    4 rounds

  6. Nov
    X-Energy Reactor CompanySeries D · US · Firms' own news pages$700MWith 11 others
  7. Nov
    ElectronXSeries A · US · Ventureburn$30MWith 12 others
  8. Sept
    EV RealtyGrowth · US · Firms' own news pages$75MWith 2 others
  9. Jun
    PhysicsXSeries B · GB · TechStartups$135MWith 9 others
  10. 2019

    1 round

  11. Mar
    ZinierSeries B · US · FinSMEs$22MWith 3 others
  12. 2018

    2 rounds

  13. Apr
    WorkFusionSeries E · US · FinSMEs$50MWith 3 others
  14. Feb
    MoovitIL · TechCrunch$50MWith 8 others
  15. 2008

    2 rounds

  16. May
    XunLightSeries B · US · xunlight.com$22MWith 2 others
  17. Mar
    BubblySeries B · SG · bubblemotion.com$14MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration14 named

BWBruce W. RosenblumChief Risk Officer and Managing DirectoriFiling they signed
CGChristopher George CarterManaging PartneriForm ADV
DADaniel Anthony D'AnielloChairman and Managing DirectoriFiling they signed
DDDavid D. BibbExecutive Vice President of NGP VI Management, LLC, the Issuer's ManageriFiling they signed
DDDavid D. KentManaging Partner of NGP VI Management, LLC, the Issuer's ManageriFiling they signed
DMDavid Mark RubensteinChief Executive Officer and Managing DirectoriFiling they signed
DRDavid Robinson TubbChief Compliance OfficeriForm ADV
GWGlenn W. YoungkinChief Operating Officer and Managing DirectoriFiling they signed
JAJeffrey Alan ZlotkyGeneral CounseliForm ADV
JWJeffrey W. FergusonGeneral Counsel and Managing DirectoriFiling they signed
JWJill Wertheimer LampertChief Financial & Administrative OfficeriForm ADV
SESammy EldinManaging Partner of NGP VII Management LLC, the Issuer's ManageriFiling they signed
SAShan AsharyManaging Partner of NGP VII Management LLC, the Issuer's ManageriFiling they signed
WEWilliam Elias Conway, Jr.Chief Executive Officer and Managing DirectoriFiling they signed

We also hold 13 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$11Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
NGP Energy Capital Management, LLC
SEC number
CRD 160729

Funds on its Form ADV

14 private funds, $11B in gross assets · filed Mar 2024

  1. NGP Natural Resources XI, L.P.Private equity437 investors$3.3B
  2. NGP Natural Resources XII, L.P.Private equity225 investors$3.0B
  3. NGP Natural Resources XIII, L.P.Private equity110 investors$1.5B
  4. NGP Natural Resources XI Parallel Fund, L.P.Private equity30 investors$780M
  5. NGP Energy Transition IV, L.P.Private equity81 investors$692M
  6. NGP Natural Resources XII Parallel Fund, L.P.Private equity39 investors$667M
  7. NGP Royalty Partners II, L.P.Private equity90 investors$526M
  8. NGP Royalty Partners, L.P.Private equity53 investors$279M
  9. NGP Natural Resources X, L.P.Private equity317 investors$270M
  10. NGP Agribusiness Follow-ON Fund, L.P.Private equity48 investors$131M

And 4 more on the filing.

Who backs their funds

1 LP on record in NGP's funds

Committed
$450M
Funds
3
Vintages
2011 to 2017

The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2026.

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

BubblyBought by Altruist TechnologiesUndisclosedAug 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as NGP. A count of rooms they were both in, not a relationship either has claimed.

Applied Materials (Korea)VC firm2rounds togetherAtomicoVC firm2rounds togetherGeneral CatalystVC firm2rounds togetherJuly FundVC firm2rounds togetherSequoia CapitalVC firm2rounds togetherSiemensCorporate VC2rounds togetherTemasek HoldingsVC firm2rounds together

Recently backed

The latest companies NGP put money into.

Voltus$225M · Oct 2026Form Energy$750M · Aug 2026PhysicsX$300M · Jun 2026ElectronX$30M · Nov 2025EV Realty$75M · Sept 2025Zinier$22M · Mar 2019

Quick answers about NGP

What does NGP invest in?

NGP invests most often at Series B and Series D (60% of the rounds on record), in sectors such as Energy, Natural Resources and Energy Transition.

How active is NGP?

12 investments on record, 5 of them in the last 12 months. The most recent was in Oct 2026.

What has NGP invested in recently?

Its most recent investments on record: Voltus (Series D, Oct 2026), Form Energy (Series G, Aug 2026) and PhysicsX (Series C, Jun 2026).

How big are NGP's cheques?

The median round it joins is $105M.

Does NGP lead rounds?

Rarely, if at all: none of its 12 investments on record names it as the lead.

Where does NGP invest?

Most of the companies it backs are in the United States (67%), the United Kingdom (17%) and Israel (8%).

Is NGP investing now?

Yes: it is actively investing, with 5 investments in the last 12 months.

Who does NGP invest alongside?

Most often Applied Materials (Korea) (2 rounds together), Atomico (2 rounds together) and General Catalyst (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it