Private Equity | Capital Markets | Private Equity Activity
Nuevo Midstream Touts $308MM in Equity
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Nuevo Midstream LLC has secured additional private equity commitments from EnCap Flatrock Midstream of San Antonio, management and others, bringing total equity financing support for the company to $308 million.
Nuevo was formed in 2011 with a $65 million commitment from EnCap Flatrock Midstream’s first fund, management and others. Nuevo has increased its capital commitments three times since its formation, with the most recent increase totaling $167 million. EnCap Flatrock Midstream Fund II was the largest participant in Nuevo’s most recent capital increase.
"We are pleased to announce another set of important company milestones – the significant expansion of Nuevo’s processing and treating capacity, further expansion of our gathering footprint, a second El Paso interconnect, the…
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