Shearman & Sterling advised NGP Energy Capital Management (NGP) in the closing of NGP Natural Resources X, L.P., a $3.586 billion private equity fund. NGP X will continue NGP Energy Capital Management’s 23-year history as a premier provider of private capital and sponsorship to the natural resources industry, focusing on oil and gas production, oilfield services, and the energy mid-stream sectors through its Natural Gas Partners investment platform and focusing on the water resources and services and food and agriculture sectors through its NGP Global Adaptation Partners investment platform. NGP X will be managed by NGP, bringing the cumulative capital managed by NGP and its affiliates since inception to a total of $13 billion.
The Shearman & Sterling team included partners Laura Friedrich (New York-Investment Funds) and Roger Baneman (New York-Tax) and associates Robert Zecher (New York-Investment Funds), Jason Spears (New York-Investment Funds), Shawn Pelsinger (New York-Investment Funds), James Park (New York-Investment Funds), Veronica Wissel (New York-Executive Compensation & Employee Benefits) and Jeffrey Tate (Washington, DC-Tax).
