Shearman & Sterling advised EnCap Flatrock Midstream in its initial capital commitment of $350 million in Elysian Carbon Management (Elysian). Elysian provides integrated end-to-end carbon capture and storage solutions to owners of industrial and power facilities seeking to transition to low carbon products and address environmental, social and governance (ESG) goals through the reduction of emissions.
EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments and Flatrock Energy Advisors. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors.
EnCap Flatrock Midstream is integrating emerging technologies, such as carbon capture, into its wider portfolio of strategic midstream investments. The Elysian capital commitment reflects continued efforts by Shearman & Sterling’s U.S. Private Equity group and Energy Innovation initiative to assist clients from within and outside of the energy space to become leaders in these growth industries.