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The Venture Codex

NGP

1750 K St NW, Ste 700, Washington, DC, 20006, United States

Overview

Private equity fund investing in energy companies.

Deals ยท 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series B
Series C

Geographic focus

Canada
United Kingdom
United States

Sector focus

Energy
Oil and Gas
Venture Capital

Investment portfolio

27rounds
NAMEDATESIZE
Voltus
Oct 2026Participated
$225 MSeries D
Form Energy
Aug 2026Participated
$750 MSeries G
PhysicsX
Jun 2026Participated
$300 MSeries C
Alva Energy
Feb 2026Participated
$33 MSeries A
X-energy
Nov 2025Participated
$700 MSeries D
PhysicsX
Nov 2025Participated
$20 MSeries B
ElectronX
Nov 2025Participated
$30 MSeries A
EV Realty
Sep 2025Led
$75 MOther Equity
PhysicsX
Jun 2025Participated
$135 MSeries B
X-energy
Feb 2025Participated
$700 MSeries C
X-energy
Oct 2024Participated
$500 MSeries C
Form Energy
Oct 2024Participated
$405 MSeries F
Voltus
Oct 2026Participated
$225 MSeries D
Form Energy
Aug 2026Participated
$750 MSeries G
PhysicsX
Jun 2026Participated
$300 MSeries C
Alva Energy
Feb 2026Participated
$33 MSeries A
X-energy
Nov 2025Participated
$700 MSeries D
PhysicsX
Nov 2025Participated
$20 MSeries B
ElectronX
Nov 2025Participated
$30 MSeries A
EV Realty
Sep 2025Led
$75 MOther Equity
PhysicsX
Jun 2025Participated
$135 MSeries B
X-energy
Feb 2025Participated
$700 MSeries C
X-energy
Oct 2024Participated
$500 MSeries C
Form Energy
Oct 2024Participated
$405 MSeries F
27
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Deal Distribution

NGP: 27 funding rounds are recorded in the selected participation categories.All available history.
NGP: 27 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A04
Series B23
Series C+012
Other Equity24

Monthly Deal Activity

NGP: 27 deals are recorded across 139 months.All available history.
NGP: 27 deals are recorded across 139 months. All available history
MonthDeals
Apr '151
May '150
Jun '150
Jul '151
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '161
Feb '161
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '231
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '232
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '242
Aug '240
Sep '241
Oct '242
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '250
Nov '253
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '261

Sector Breakdown

NGP: Clean Energy & Sustainability is the largest displayed sector by deal count (19 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

NGP: Clean Energy & Sustainability is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Clean Energy & Sustainability19
Space & Frontier Tech10
Enterprise Software6
AI & Machine Learning5
Networks, Cloud & Communication4
Manufacturing4
Data, Analytics & IT4
Transportation & Logistics4
E-Commerce & Retail3
Real Estate & Construction2
Travel & Hospitality1
Fintech1
Professional Services1

Deal Size Distribution

NGP: 27 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

NGP: 27 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M4
$25M-$50M6
$50M-$100M6
$100M-$250M4
$250M-$500M3
$500M-$1B4
$1B+0

Deals By Geography

NGP: United States has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

NGP: United States has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
United States18
Europe4
Canada2
Israel1
China1
India1
NGP: 20 co-investors are shown, with General Catalyst sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

NGP: 20 co-investors are shown, with General Catalyst sharing 4 recorded deals. All available history
Co-investorShared deals
General Catalyst4
Prelude Ventures4
Radius Capital4
Standard Investments4
Temasek4
Ajax Strategies3
Allen & Co.3
Applied Materials3
Atomico3
Breakthrough Energy Ventures3
Capricorn Investment Group3
July Fund3
Segra Capital3
Sequoia Capital3
Siemens3
Amazon2
Ares Management2
Blindspot Ventures2
Coatue2
Emerson Collective2

Investment Strategy

NGP: Led accounts for 15% and participating for 85% of round participation.All available history.
NGP: Led accounts for 15% and participating for 85% of round participation. All available history
CategoryDeals (count)Share (%)
Led415%
Participating2385%
NGP: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
NGP: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Chris Carter

Managing Partner

Jill Lampert

Chief Financial and Administrative Officer

John Foster

Co-Founder

Maritza Liaw

Partner

Maritza Liaw
Patrick McWilliams

Partner

Phil Deutch

Founder & CEO

Tanner Leland