Ngp Energy Capital Management, Llc
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 160729
· SEC file 801-73799
· Dallas, TX
· WWW.NGPENERGY.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $10.9B
- Discretionary
- $10.9B
- Clients
- 17
- Avg AUM / client
- $640M
- Accounts
- 16
- Employees
- 56
AUM over time
$8.5B
$14.6B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 17 | $10.9B | 100.0% |
Private funds (14)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $11.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ngp Natural Resources Xi, L.P. | Private Equity Fund | Delaware | $3.3B | 437 |
| Ngp Natural Resources Xii, L.P. | Private Equity Fund | Delaware | $3.0B | 225 |
| Ngp Natural Resources Xiii, L.P. | Private Equity Fund | Delaware | $1.5B | 110 |
| Ngp Natural Resources Xi Parallel Fund, L.P. | Private Equity Fund | Delaware | $780M | 30 |
| Ngp Energy Transition Iv, L.P. | Private Equity Fund | Delaware | $692M | 81 |
| Ngp Natural Resources Xii Parallel Fund, L.P. | Private Equity Fund | Delaware | $667M | 39 |
| Ngp Royalty Partners Ii, L.P. | Private Equity Fund | Delaware | $526M | 90 |
| Ngp Royalty Partners, L.P. | Private Equity Fund | Delaware | $279M | 53 |
| Ngp Natural Resources X, L.P. | Private Equity Fund | Delaware | $270M | 317 |
| Ngp Agribusiness Follow On Fund, L.P. | Private Equity Fund | Delaware | $131M | 48 |
| Ngp Natural Resources Xiii Parallel Fund, L.P. | Private Equity Fund | Delaware | $69.2M | 20 |
| Ngp Natural Resources X Parallel Fund, L.P. | Private Equity Fund | Delaware | $38.1M | 21 |
| Natural Gas Partners Ix, L.P. | Private Equity Fund | Delaware | $19.1M | 311 |
| Ngp Ix Offshore Fund, L.P. | Private Equity Fund | Delaware | $929K | 10 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lampert, Jill, Wertheimer | Chief Financial & Administrative Officer | Jan 2011 (16y) | 25% – 50% of Ecmc Gp, L.L.C. (indirect) | |
| Hersh, Kenneth, Asher | Member | Sep 2014 (12y) | ≈ 1.25% – 5% via Ecma Holdings, Llc | |
| Carter, Christopher, George | Managing Partner | Mar 2015 (11y) | 25% – 50% of Ecmc Gp, L.L.C. (indirect) | |
| Zlotky, Jeffrey, Alan | General Counsel | Mar 2015 (11y) | Less than 5% | |
| Glick, Craig, Schuyler | Managing Member | Mar 2017 (9y) | 25% – 50% of Ecmc Gp, L.L.C. (indirect) | |
| Tubb, David, Robinson | Chief Compliance Officer | Jun 2023 (3y) | Less than 5% | |
| Deutch, Philip, Joseph | Managing Member | Jan 2024 (3y) | 25% – 50% of Ecmc Gp, L.L.C. (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ngp Management Company, L.L.C. | Member | Dec 2012 | A | 75% or more |
| Ecm Capital, L.P. | Member | Jun 2007 | A | 5% – 10% |
| Ecma Holdings, Llc | Member | Sep 2014 | A | 5% – 10% |
| Tc Group, L.L.C. | Member | Dec 2012 | B | ≈ 28.13% – 75% via Carlyle Knox Holdings, L.L.C. |
| Carlyle Holdings I Gp, Inc. | Member | Nov 2011 | B | 75% or more of Carlyle Holdings I Gp Sub L.L.C. (indirect) |
| The Carlyle Group Inc. | Shareholder | Nov 2011 | B | 75% or more of Carlyle Holdings I Gp, Inc. (indirect) |
| Cg Subsidiary Holdings L.L.C. | Member | Jan 2020 | B | ≈ 21.09% – 75% via Tc Group, L.L.C. |
| Carlyle Holdings Ii Gp L.L.C. | Member | Nov 2011 | B | ≈ 3.96% – 37.5% via Carlyle Holdings Ii L.L.C. |
| Carlyle Knox Holdings, L.L.C. | Member | Dec 2012 | B | ≈ 37.5% – 75% via Ngp Management Company, L.L.C. |
| Carlyle Holdings I L.P. | Member | Jan 2020 | B | ≈ 10.55% – 56.25% via Cg Subsidiary Holdings L.L.C. |
| Ecm Capital, L.P. | Member | Dec 2012 | B | ≈ 18.75% – 50% via Ngp Management Company, L.L.C. |
| Carlyle Holdings Ii L.L.C. | Member | Jan 2020 | B | ≈ 5.27% – 37.5% via Cg Subsidiary Holdings L.L.C. |
| Ecmc Gp, L.L.C. | General Partner | Jun 2007 | B | GP / trustee / elected manager of Ecm Capital, L.P. (indirect) |
| Cim (Delaware), Inc. | Managing Member | Dec 2012 | B | GP / trustee / elected manager of Carlyle Knox Holdings, L.L.C. (indirect) |
| Carlyle Holdings I Gp Sub L.L.C. | General Partner | Nov 2011 | B | GP / trustee / elected manager of Carlyle Holdings I L.P. (indirect) |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Hersh, Kenneth, Asher: 25% – 50% of Ecma Holdings, Llc × 5% – 10% direct ≈ 1.25% – 5% of the firm
- Tc Group, L.L.C.: 75% – 100% of Carlyle Knox Holdings, L.L.C. × 50% – 75% of Ngp Management Company, L.L.C. × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Cg Subsidiary Holdings L.L.C.: 75% – 100% of Tc Group, L.L.C. × 75% – 100% of Carlyle Knox Holdings, L.L.C. × 50% – 75% of Ngp Management Company, L.L.C. × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Carlyle Holdings Ii Gp L.L.C.: 75% – 100% of Carlyle Holdings Ii L.L.C. × 25% – 50% of Cg Subsidiary Holdings L.L.C. × 75% – 100% of Tc Group, L.L.C. × 75% – 100% of Carlyle Knox Holdings, L.L.C. × 50% – 75% of Ngp Management Company, L.L.C. × 75% – 100% direct ≈ 3.96% – 37.5% of the firm
- Carlyle Knox Holdings, L.L.C.: 50% – 75% of Ngp Management Company, L.L.C. × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Carlyle Holdings I L.P.: 50% – 75% of Cg Subsidiary Holdings L.L.C. × 75% – 100% of Tc Group, L.L.C. × 75% – 100% of Carlyle Knox Holdings, L.L.C. × 50% – 75% of Ngp Management Company, L.L.C. × 75% – 100% direct ≈ 10.55% – 56.25% of the firm
- Ecm Capital, L.P.: 25% – 50% of Ngp Management Company, L.L.C. × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Carlyle Holdings Ii L.L.C.: 25% – 50% of Cg Subsidiary Holdings L.L.C. × 75% – 100% of Tc Group, L.L.C. × 75% – 100% of Carlyle Knox Holdings, L.L.C. × 50% – 75% of Ngp Management Company, L.L.C. × 75% – 100% direct ≈ 5.27% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (14, $11.3B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ngp Natural Resources Xi, L.P. | Private Equity Fund | $3.3B | $0 | 437 |
| Ngp Natural Resources Xii, L.P. | Private Equity Fund | $3.0B | $0 | 225 |
| Ngp Natural Resources Xiii, L.P. | Private Equity Fund | $1.5B | $0 | 110 |
| Ngp Natural Resources Xi Parallel Fund, L.P. | Private Equity Fund | $780M | $0 | 30 |
| Ngp Energy Transition Iv, L.P. | Private Equity Fund | $692M | $0 | 81 |
| Ngp Natural Resources Xii Parallel Fund, L.P. | Private Equity Fund | $667M | $0 | 39 |
| Ngp Royalty Partners Ii, L.P. | Private Equity Fund | $526M | $0 | 90 |
| Ngp Royalty Partners, L.P. | Private Equity Fund | $279M | $0 | 53 |
| Ngp Natural Resources X, L.P. | Private Equity Fund | $270M | $0 | 317 |
| Ngp Agribusiness Follow On Fund, L.P. | Private Equity Fund | $131M | $0 | 48 |
| Ngp Natural Resources Xiii Parallel Fund, L.P. | Private Equity Fund | $69.2M | $0 | 20 |
| Ngp Natural Resources X Parallel Fund, L.P. | Private Equity Fund | $38.1M | $0 | 21 |
| Natural Gas Partners Ix, L.P. | Private Equity Fund | $19.1M | $0 | 311 |
| Ngp Ix Offshore Fund, L.P. | Private Equity Fund | $929K | $0 | 10 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 4.8 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗