Forge Energy is backed with $400 million in private equity commitments from EnCap Investments L.P. and Pine Brook Partners.
Since 1988, EnCap Investments has been the leading provider of private equity to the independent sector of the U.S. oil and gas industry. The firm has raised 20 institutional oil and gas investment funds totaling approximately $33 billion and currently manages capital on behalf of more than 300 U.S. and international investors. EnCap professionals represent more than 250 years of experience in the energy finance and investment business. The firm has established a reputation as an innovative, value-added source of private capital to the independent energy sector. EnCap effectively works in partnership with its management teams by providing expertise and strategic direction. EnCap has consistently generated superior returns across multiple industry and hydrocarbon price cycles by applying a lower-risk, disciplined philosophy that balances capital preservation and value creation.
Pine Brook focuses on identifying global investment opportunities in capital-intensive industries where the firm can invest equity to finance growth and create value without leverage. Pine Brook invests in opportunities across the full spectrum of the energy sector, including oil and natural gas, exploration and production, oilfield services, transportation and storage infrastructure, and power generation and transmission. The firm has a long history of building businesses in the exploration segment and creating returns in all commodity price environments.