Kirkland Advises EnCap Investments on Largest Capital Raise for Upstream Energy Continuation Vehicle
Kirkland & Ellis advised EnCap Investments L.P. on the close of a continuation vehicle transaction for PennEnergy Resources, LLC with aggregate capital commitments of over $2.0 billion. The continuation vehicle, managed by EnCap, is anchored by funds affiliated with Andros Capital Partners LLC and the Vintage Strategies at Goldman Sachs Alternatives. The continuation vehicle also includes an equity commitment from EnCap Energy Capital Fund XII, L.P., the EnCap General Partner and PennEnergy Management.
Read the transaction press release
The Kirkland team included corporate lawyers and investment funds lawyers Stephen Noh, Matt Nadworny, Mark Boyagi, Jess Lepper, Patrick Vinett, Nathan Wolcott, Brittany Sakowitz, Andrew Silvia, Cat Leveque, Bree Prince, Cason Liles, Ashley Lee, Thomas Toman, Brandon Barrett and Lauren Bingham; tax lawyers Steve Butler, Nicole Martin, Grant Newman and Stacie Nguyen; investment funds regulatory lawyers Nabil Sabki, John Reinert and Austin Eiland; ERISA lawyers Sabrina Glaser and Theodore Brown; sustainability lawyers Alexandra Farmer, Rhys Davies, Menaka Nayar and Haania Amir; real asset transactions lawyers Christopher Heasley, David Castro, Albert Jou and Bernadette Hayden; debt finance lawyers William Bos and Daly Brower; employment & labor lawyers Christie Alcala and George Cartveli; executive compensation lawyers Stephen Jacobson and Jabir Yusoff; employee benefits lawyer Maureen O’Brien; energy regulatory lawyer Andrew Stuyvenberg; environmental transactions lawyers Paul Tanaka, James Dolphin and Max Anderson; transactional liability lawyer Anna Geml; and antitrust & competition lawyers Michael Thorpe and Mackenzie Pike.
