PETROCAP, LLC
PETROCAP, LLC is a Series C+ fund in the US writing $25M–$75M checks into Climate, oil-and-gas and solar-royalties.
- Stages
- Series C+
- Sectors
- Climate, oil-and-gas, solar-royalties
- Check size
- $25M–$75M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1992
- Assets under management
- $949M
Thesis
PetroCap, LLC is an energy-focused private equity firm founded in 1992 and based in Dallas, Texas. They specialize in upstream oil and gas development projects within the United States, targeting basins such as the Permian, Eagle Ford, Haynesville, Midcontinent, and San Juan. Their investment strategy involves acting as a working interest partner, investing between $25 million and $75 million net per project, and seeking to own a majority of the working interest. They incentivize operators with back-in interests after specific investment hurdles are met. PetroCap also has a division, Aplomado Partners, which focuses on solar royalties through solar farm investments. As of December 31, 2024, PetroCap managed approximately $949 million in assets under management. The firm has raised capital through various pooled investment vehicles, including PetroCap Partners II, III, and IV, with specific fund raises of $300.3 million for its third fund and $350 million for its second fund.
Common questions
Does PETROCAP, LLC invest at the Series C+ stage?
Yes. PETROCAP, LLC lists Series C+ among the stages it invests in.
What check size does PETROCAP, LLC write?
PETROCAP, LLC writes $25M–$75M checks.
Where does PETROCAP, LLC invest?
PETROCAP, LLC invests in the US.