NGP Energy Capital Management targets $2.5B for fourteenth natural resources fund

Dakota Private Markets said NGP Energy Capital Management is targeting $2.5B for NGP Natural Resources XIV, its fourteenth natural resources fund, maintaining the target of its predecessor. The manager is also raising a $1.5B clean-energy development fund and a $750M minerals and royalties vehicle; Fund XII reported a 14.6% net IRR, compared with 9.8% for Fund XI.

Source: Dakota Private Markets.

Source statements are attributed; this is not investment advice.