EnCap Flatrock Midstream Fund III, L.P.

**EnCap Flatrock Midstream Fund III, L.P.** is a specialized private investment vehicle currently managing $41M in assets. The fund maintains a highly concentrated portfolio, evidenced by its single top holding. Its current allocation is heavily weighted toward VYLD, representing $40.6M, which constitutes approximately 99% of the reported assets. This structure indicates a focused, single-name conviction play within the midstream sector.

📌 Top Holdings