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Encap Investments L.P.: investment adviser

Encap Investments L.P. is an investment adviser registered with the SEC (file 802-74807, CRD 160695). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.

Assets managed
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Discretionary
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Accounts
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Employees
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In advisory roles
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Disclosures
1

Company page · SEC adviser record · Full Form ADV (PDF)

The firm reports no custody of client cash or securities.

Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.

Who owns it

Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.

Direct owners (Schedule A)

OwnerTypeRoleStakeSinceControlPublic company
Encap Investments Holdings LLCCompany (U.S.)Limited partnerE 75% or moreDec 2015Yes

Indirect owners (Schedule B)

OwnerOwns a stake inTypeStakeControlPublic company
Encap Investments Holdings, LLCEncapCompany (U.S.)E 75% or moreYes
Encap Partners, LPEncapCompany (U.S.)E 75% or moreYes
Jason Matthew DelorenzoEncap PartnersPersonC 25% to 50%Yes
Douglas E SwansonEncap PartnersPersonC 25% to 50%Yes

Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.

Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.

Disciplinary history

What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.

Item 11 questions answered Yes

These questions cover the firm and its advisory affiliates.

  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?

Actions about affiliates (1)

  1. Jul 10, 2018
    Regulatory Action: SEC FinalAbout an affiliate: Encap Investments L.P.; the full record is on the affiliate's own Form ADVSanctions: Civil and Administrative Penalt(ies) /Fine(s); Cease and desist censure · Fine: $500,000 · Begun Jul 10, 2018 · Resolved Jul 10, 2018 · Order · Docket 3-18584

    On July 10, 2018, the Securities and Exchange Commission ("SEC"), acting pursuant to an offer by the registrant which consented, without admitting or denying the factual allegations and findings, to the entry of an order making certain findings and imposing certain remedies, instituted administrative proceedings against the registrant, finding that the registrant had violated section 206(4) of the Investment Advisers Act of 1940 (the "Advisers Act") and rule 206(4)-5 thereunder when the registrant provided investment advisory services for compensation to certain government entities in Texas, Wisconsin, and Indiana within two years after covered associates of the registrant made campaign contributions to candidates for elective offices who were "officials" of the government entities as defined in the rule. The SEC noted that Advisers Act rule 206(4)-5 does not require a showing of quid pro quo or actual intent to influence an elected candidate.

    The action was resolved pursuant to commission order: in the matter of Encap Investments L.P., administrative proceeding file no. 3-18584 ("order"). Pursuant to the order, the registrant was ordered to cease and desist from committing or causing any violations and any future violations of section 206(4) of the Advisers Act and rule 206(4)-5 thereunder. Additionally, pursuant to the order, the registrant was censured and was also ordered to, within 10 days of the entry of the order, pay a civil monetary penalty of $500,000 to the SEC. the registrant paid the civil penalty on July 10, 2018. No information Filed

Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.

The brochure

No brochure text was read for this firm.

Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.