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Abstract
Natural Gas Partners invests exclusively in the private equity of energy companies. Its partners began working together shortly after the firm's formation in 1988, providing a level of continuity and depth of experience seldom seen in the industry. NGP currently manages more than $900 million, mainly from sophisticated institutional partners. Through mid-1999, more than $560 million has been invested in 32 entities. The firm invests with only a few carefully selected companies each year, focusing on building companies with managements skilled in the acquisition and exploitation of producing oil and gas properties. In an interview, Kenneth Hersh and David Albin, co-managers of NGP, discussed the firm's overall investment strategy.