Natural Gas Partners

NGP Energy Capital is a Dallas-based private equity firm that has invested in the energy industry for 37 years. It has $25 billion in capital commitments and works with entrepreneurs across natural resources and the energy transition. In natural resources, it targets proven entrepreneurs with a technical edge in upstream activities, midstream activities, and royalties and mineral interests. Portfolio companies include Wing Resources, a Permian Basin mineral and royalty acquirer, and Camino Natural Resources, a Denver-based oil and gas acquisition and development company. Its energy transition strategy, with more than $1.5 billion in dedicated commitments, covers renewable energy, electrification, energy efficiency, and carbon management. Recent activity includes Voltus, a grid flexibility platform, which raised $225 million in October 2026, and Cloverleaf Infrastructure, a data center site developer that formed a strategic partnership with NVIDIA in August. NGP positions itself as a value-added partner, concentrating capital with proven management teams. Its approach integrates responsible investing practices into every investment process to mitigate risk and unlock new opportunities.