← EnCap Investments
Encap Flatrock Midstream Fund IV
EnCap InvestmentsVINTAGE 2018
NET IRR
9.6%
TVPI
—
DPI
—
COMMITMENT
$22M
LP SOURCES
30
VALUATION SPREAD1.25x – 1.28x TVPI across 2 sources
SEC REGISTRATION · FORM ADV SCHEDULE D
SEC IAPD ↗GROSS ASSET VALUE
$2.6B
MIN INVESTMENT
$1.0M
INVESTORS
274
AUDITED
Yes
PRICEWATERHOUSECOOPERS LLC
DOMICILE
Texas, United States
MASTER FUND
CROSS-REFERENCE TABLE
| LP SOURCE | AS OF | COMMITMENT | PAID IN | NET IRR | TVPI | DPI | DOC |
|---|---|---|---|---|---|---|---|
| MainePERS | 2025-09-30 | $22M | $22.7M | 9.6% | — | — | SOURCE ↗◆ |
| CalSTRS | 2025-06-30 | $91M | $84.6M | 8.1% | 1.28x | 0.56x | SOURCE ↗◆ |
| Florida SBA | 2025-06-30 | $65M | $65.5M | 8.1% | 1.25x | 0.60x | SOURCE ↗◆ |
| Florida SBA | 2025-03-31 | $65M | $65.1M | 8.2% | 1.24x | 0.60x | SOURCE ↗◆ |
| Florida SBA | 2024-12-31 | $65M | $64M | 8.0% | 1.23x | 0.53x | SOURCE ↗◆ |
| Florida SBA | 2024-09-30 | $65M | $60.5M | 8.0% | 1.23x | 0.57x | SOURCE ↗◆ |
| Florida SBA | 2024-06-30 | $65M | $59.6M | 8.1% | 1.22x | 0.55x | SOURCE ↗◆ |
| Florida SBA | 2024-03-31 | $65M | $59.5M | 7.3% | 1.19x | 0.56x | SOURCE ↗◆ |
| Florida SBA | 2023-12-31 | $65M | $59.1M | 7.6% | 1.19x | 0.54x | SOURCE ↗◆ |
| Florida SBA | 2023-09-30 | $65M | $58.3M | 7.7% | 1.18x | 0.54x | SOURCE ↗◆ |
| Florida SBA | 2022-09-30 | $65M | $53.1M | 8.6% | 1.16x | 0.41x | SOURCE ↗◆ |
| Florida SBA | 2022-06-30 | $65M | $40.3M | 8.0% | 1.18x | 0.52x | SOURCE ↗◆ |
| Florida SBA | 2022-03-31 | $65M | $39.4M | 7.9% | 1.17x | 0.53x | SOURCE ↗◆ |
| Florida SBA | 2021-12-31 | $65M | $33M | 6.4% | 1.15x | 0.63x | SOURCE ↗◆ |
| Florida SBA | 2021-09-30 | $65M | $32.5M | 7.0% | 1.15x | 0.22x | SOURCE ↗◆ |
| Florida SBA | 2021-06-30 | $65M | $32.3M | 6.1% | 1.12x | 0.21x | SOURCE ↗◆ |
| Florida SBA | 2021-03-31 | $65M | $31.9M | 6.1% | 1.11x | 0.21x | SOURCE ↗◆ |
| Florida SBA | 2020-12-31 | $65M | $31.6M | 6.6% | 1.11x | 0.22x | SOURCE ↗◆ |
| Florida SBA | 2020-09-30 | $65M | $29.5M | 4.7% | 1.07x | 0.23x | SOURCE ↗◆ |
| Florida SBA | 2020-06-30 | $65M | $28.8M | 6.2% | 1.08x | 0.24x | SOURCE ↗◆ |
| Florida SBA | 2020-03-31 | $65M | $28.8M | 3.7% | 1.04x | 0.24x | SOURCE ↗◆ |
| Florida SBA | 2019-12-31 | $65M | $27.9M | 13.1% | 1.12x | 0.24x | SOURCE ↗◆ |
| Florida SBA | 2019-09-30 | $65M | $24.8M | 15.3% | 1.13x | 0.27x | SOURCE ↗◆ |
| Florida SBA | 2019-06-30 | $65M | $24.3M | 10.1% | 1.07x | 0.21x | SOURCE ↗◆ |
| Florida SBA | 2019-03-31 | $65M | $24M | 14.3% | 1.07x | 0.21x | SOURCE ↗◆ |
| Florida SBA | 2018-12-31 | $65M | $23.5M | — | 0.96x | 0.22x | SOURCE ↗◆ |
| Florida SBA | 2018-09-30 | $65M | $23.1M | — | 0.97x | 0.00x | SOURCE ↗◆ |
| Florida SBA | 2018-06-30 | $65M | $2.9M | — | 0.83x | 0.00x | SOURCE ↗◆ |
| Florida SBA | 2018-03-31 | $65M | $2.6M | — | 0.91x | 0.00x | SOURCE ↗◆ |
| Florida SBA | 2017-12-31 | $65M | $0M | — | — | — | SOURCE ↗◆ |