# EnCap Closes $3.5B Permian Minerals Vehicle

> EnCap Investments completes $3.5 billion minerals continuation vehicle for Permian Basin assets.
- Title: EnCap Closes $3.5B Permian Minerals Vehicle · Pulse 2.0
- Summary: EnCap Investments completes $3.5 billion minerals continuation vehicle for Permian Basin assets. EnCap Investments closed a $3.5 billion continuation vehicle…
- Keywords: encap investments, permian basin, minerals continuation vehicle, rock river minerals, fortis minerals, ogx resources, pegasus resources, startups, business, EnCap, Closes, Permian
- Source: Pulse 2.0 — https://pulse2.com/encap-investments-closes-3-5-billion-minerals-continuation-vehicle-for-permian-basin-assets
- Author: Amit Chowdhry
- Published: 2026-10-19T17:21:02+00:00
- Read time: 1 min
- Topics: encap investments, permian basin, minerals continuation vehicle, rock river minerals, fortis minerals, ogx resources, pegasus resources, startups, business
## EnCap Closes $3.5B Minerals Vehicle
EnCap Investments closed a continuation vehicle with $3.5 billion in capital commitments for EnCap Minerals and Rock River Minerals.
## Investor Demand Exceeds Target
Investor demand exceeded the required amount for the transaction, with participation from existing and new institutional investors.
## Largest Capital Raise in Upstream Sector
The transaction represents the largest capital raise to date for a continuation vehicle focused on the upstream energy sector.
## Portfolio Details
The portfolio includes 134,000 net royalty acres in the Permian Basin generating 37,000 barrels of oil equivalent per day.
## Key Operators
ExxonMobil, Diamondback Energy, Occidental, and ConocoPhillips account for 48% of activity across the portfolio.
## Key takeaway

EnCap Investments closed a $3.5 billion continuation vehicle for Permian Basin mineral assets, providing liquidity to investors while maintaining long-term exposure to the portfolio.