© 2014 The Texas Lawbook.
By Natalie Posgate
(Jan. 16) – Irving-based NGP Energy Capital Management announced Friday that it has hit its hard cap with the final closing of its private equity fund, NGP Natural Resources, XI, LP (NGP XI) with $5.3 billion in total commitments.
Partners Jeff Zlotky and David Wheat of Thompson & Knight led the deal for NGP, and received assistance from associates Christina Collins and Sam Merrill. All attorneys are based in the firm’s Dallas office.
“The fact that NGP was able to exceed its target for capital commitments and reach its hard cap for this fund is a great testament to the quality of the members of the NGP team and their track record,” Zlotky said.
Zlotky said the team “worked with law firms around the nation” who represented NGP’s “hundreds of investors” for this deal.
NGP General Counsel Jesse Bomer, Senior Managing Director Christopher Ray and Managing Director Richard Covington were also involved in the deal. All three attorneys practiced corporate and securities law at Thompson & Knight before going in-house at NGP.
T&K has been representing NGP since it formed in 1988. Over the years, the firm has handled an array of the formations of NGP’s various funds and a large number of investment transactions. The firm also represents NGP’s portfolio companies when they make M&A transactions.
A strategic partner of The Carlyle Group, NGP’s capital now totals to $16.5 billion. NGP XI provides private capital and sponsorship to the natural resources industry, with a focus on the oil and gas production, oilfield services and energy midstream sectors through its Natural Gas Partners platform.
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