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felixinvestments.com

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Investments

4

Portfolio Exits

3

About Felix Investments

Felix Investments is a venture capital firm that invests money into technology, communication and networking companies.

Felix Investments Headquarter Location

17 State Street 5th Floor

New York, New York, 10004,

United States

646-597-4301

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[Amend] General statement of acquisition of beneficial ownership – Form SC 13D/A

Oct 22, 2021

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this formwith respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the SecuritiesExchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (1) EnCap Partners GP, LLC, a Delaware limited liability company (“EnCap Partners GP”), is thesole general partner of EnCap Partners, LP (“EnCap Partners”), which is the managing member of EnCap Investments Holdings, LLC (“EnCap Holdings”), a Delaware limited liability company, which is the sole member ofEnCap Investments GP, L.L.C. (“EnCap Investments GP”), a Delaware limited liability company, which is the sole general partner of EnCap Investments L.P. (“EnCap Investments LP”), which is the sole general partner ofEnCap Equity Fund IX GP, L.P. (“EnCap Fund IX GP”) and EnCap Equity Fund X GP, L.P. (“EnCap Fund X GP”), which are the sole general partners of EnCap Energy Capital Fund IX, L.P. (“EnCap Fund IX”)and EnCap Energy Capital Fund X, L.P., each a Texas limited partnership (“EnCap Fund X”), respectively. Therefore, (i) EnCap Partners GP, EnCap Partners, EnCap Holdings, EnCap Investments GP, EnCap Investments LP and EnCap FundIX GP may be deemed to beneficially own the Common Stock owned by EnCap Fund IX and (ii) EnCap Partners GP, EnCap Partners, EnCap Holdings, EnCap Investments GP, EnCap Investments LP and EnCap Fund X GP may be deemed to beneficially own theCommon Stock owned by EnCap Fund X. (A) EnCap Partners GP, EnCap Partners, EnCap Holdings, EnCap Investments GP, EnCap Investments LP and EnCap Fund IX GP disclaim beneficial ownership of the Common Stock owned by EnCap     Fund IX except to the extent of their respective pecuniary interest therein, (B) EnCap Partners GP, EnCap Partners, EnCap Holdings, EnCap Investments GP, EnCap Investments LP and EnCap FundX GP disclaim beneficial ownership of the Common Stock owned by EnCap Fund X except to the extent of their respective pecuniary interest therein and (C) this statement shall not be deemed an admission that any such entity is the beneficialowner of the reported Common Stock for the purposes of Section 13(d) of the Act, or any other purpose. (2) This calculation is based on an assumed total of 677,000,000 shares of Common Stock of the Issuer issued andoutstanding based on the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 4, 2021. Explanatory Note This Amendment No. 2 (this “Amendment”) amends and supplements the information provided in the Schedule 13D (the“Original Schedule 13D”) filed on January 13, 2021 with the Securities and Exchange Commission (the “SEC”) by Felix STACK Holdings, LLC (“Felix STACK”), EnCap FEx Holdings, LLC (“EnCapFEx” and, together with Felix STACK, the “Felix I Entities”), Felix Investments Holdings II, LLC (“Felix Investments”), Felix Energy Investments II, LLC (“Felix Energy” and, togetherwith Felix Investments, the “Felix II Entities”) and EnCap Partners GP, LLC, each a Delaware limited liability company (“EnCap Partners GP”), and EnCap Energy Capital Fund IX, L.P. (“EnCap FundIX”) and EnCap Energy Capital Fund X, L.P., each a Texas limited partnership (“EnCap Fund X” and, together with EnCap Fund IX, the “EnCap Funds” and the EnCap Funds, together with EnCap Partners GP, the“EnCap Entities”), as amended by Amendment No. 1 filed on February 25, 2021. This Amendment amends and supplements the Original Schedule 13D (as amended and supplemented, the “Schedule 13D”) on behalf ofthe undersigned to furnish the information set forth herein and relates to the beneficial ownership of the shares of common stock, $0.10 par value per share (the “Common Stock”), of Devon Energy Corporation, a Delaware corporation(the “Issuer”). Except as otherwise specified in this Amendment, all items left blank remain unchanged in all material respects and any items that are reported are deemed to amend and restate the corresponding items in the OriginalSchedule 13D in their entirety. This Amendment is being filed on behalf of the reporting persons identified on the cover pages of thisAmendment. Capitalized terms used herein but not defined herein have the respective meanings ascribed to them in the Original Schedule 13D. Identity and Background This Schedule 13D is being filed by EnCap Fund IX, EnCap Fund X and EnCap Partners GP. EnCap Fund IX, EnCap Fund X and EnCap Partners GP aresometimes referred to in this Schedule 13D individually as a “Reporting Person” and, collectively, they are referred to herein as the “Reporting Persons.” EnCap Partners GP is the sole general partner of EnCap Partners, LP (“EnCap Partners”), which is the managing member of EnCapInvestments Holdings, LLC (“EnCap Holdings”). EnCap Holdings is the sole member of EnCap Investments GP, L.L.C. (“EnCap Investments GP”), which is the sole general partner of EnCap Investments L.P. (“EnCapInvestments LP”). EnCap Investments LP is the sole general partner of EnCap Equity Fund X GP, L.P. (“EnCap Fund X GP”), which is the sole general partner of EnCap Fund X. The address of the principal office of the EnCap Entities is 1100 Louisiana Street, Suite 4900, Houston, Texas 77002. The principal businessof each of the EnCap Funds is investing in securities of energy companies and related assets. The principal business of EnCap Partners GP is indirectly managing the EnCap Funds. Information regarding the executive officers, managers or other control persons of the EnCap Funds and EnCap Partners GP is set forth onSchedule A and Schedule B, respectively, attached hereto. Schedule A and Schedule B attached hereto set forth the following information as to each such person: (i). name; (ii). residence orbusiness address; (iii). present principal occupation or employment and the name, principal business and address of any corporation orother organization in which such employment is conducted; and (iv). citizenship. Other than as set forth on Schedule A attached hereto, during the last five years, to the best of the Reporting Persons’ knowledge, no personnamed on Schedule A or Schedule B attached hereto, has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrativebody of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or findingany violation with respect to such laws. Source and Amount of Funds or Other Consideration Item 3 of the Original Schedule 13D is amended to include the following after the final paragraph: Release and Distribution of Escrowed Shares Between February and September 2021, all 11,950,286 of the Escrowed Shares were released to Felix Investments pursuant to the terms of theEscrow Agreement and the WPX Purchase Agreement and thereafter distributed, through a series of transactions, to certain members of Felix Energy, including EnCap Fund X. In connection with such distributions, EnCap Fund X received an aggregate of3,642,267 shares of WPX Common Stock. Open Market Sales On October 19, 2021, EnCap Fund IX and EnCap Fund X sold an aggregate of 10,000,000 shares of the Common Stock on the open market at aweighted average price per share of $40.00 for total proceeds of $400,000,000. Interest in Securities of the Issuer (a) The aggregate number and percentage of Common Stock beneficially owned by each Reporting Person is set forth in Items 7, 8, 9, 10, 11 and13 of the cover pages to this Schedule 13D relating to such Reporting Person and is incorporated by reference into this Item 5. (b) EnCapPartners GP is the sole general partner of EnCap Partners, which is the managing member of EnCap Holdings, which is the sole member of EnCap Investments GP, which is the sole general partner of EnCap Investments LP. EnCap Investments LP is the solegeneral partner of EnCap Fund IX GP and EnCap Fund X GP, which are the sole general partners of EnCap Fund IX and EnCap Fund X, respectively. Therefore, (i) EnCap Partners GP, EnCap Partners, EnCap Holdings, EnCap Investments GP, EnCapInvestments LP and EnCap Fund IX GP may be deemed to beneficially own the Common Stock owned by EnCap Fund IX and (ii) EnCap Partners GP, EnCap Partners, EnCap Holdings, EnCap Investments GP, EnCap Investments LP and EnCap Fund X GP may bedeemed to beneficially own the Common Stock owned by EnCap Fund X. (c) Except as set forth in this Schedule 13D, none of the ReportingPersons or, to their knowledge, any of its directors, executive officers or other control persons named on Schedule A or Schedule B, attached hereto, has effected any transaction in the Common Stock during the past 60 days. (d) No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceedsfrom the sale of, the Common Stock reported on this Schedule 13D. (e) On October 19, 2021, each of the Reporting Persons ceased to bethe beneficial owner of more than five percent of the Common Stock. Joint Filing Agreement, dated as of February 24, 2021 (incorporated by reference to Exhibit 1.1 to Amendment No. 1 to the Original Schedule 13D filed by the Reporting Persons on February 25, 2021). 2.1    Purchase and Sale Agreement, dated as of December 6, 2015, by and among Felix Energy Holdings, LLC, EnCap FEx Holdings, LLC, Felix Stack Investments, LLC, DEPCO Delaware, L.L.C., Devon Energy Production Company, L.P. and DevonEnergy Corporation (incorporated by reference to Exhibit 2.1 to the Original Schedule 13D filed by the Reporting Persons with the SEC on January 13, 2021). 2.2    First Amendment to Purchase and Sale Agreement, dated as of December 11, 2015, by and among Felix Energy Holdings, LLC, EnCap FEx Holdings, LLC, Felix Stack Investments, LLC, DEPCO Delaware, L.L.C. and Devon Energy ProductionCompany, L.P. (incorporated by reference to Exhibit 2.2 to the Original Schedule 13D filed by the Reporting Persons with the SEC on January 13, 2021). 2.3    Second Amendment to Purchase and Sale Agreement, dated as of December 22, 2015, by and among Felix Energy Holdings, LLC, EnCap FEx Holdings, LLC, Felix Stack Investments, LLC, DEPCO Delaware, L.L.C. and Devon Energy ProductionCompany, L.P. (incorporated by reference to Exhibit 2.3 to the Original Schedule 13D filed by the Reporting Persons with the SEC on January 13, 2021). 2.4    Third Amendment to Purchase and Sale Agreement, dated as of January 7, 2016, by and among Felix Energy Holdings, LLC, EnCap FEx Holdings, LLC, Felix Stack Investments, LLC, DEPCO Delaware, L.L.C., Devon Energy ProductionCompany, L.P. and Devon Energy Corporation (incorporated by reference to Exhibit 2.4 to the Original Schedule 13D filed by the Reporting Persons with the SEC on January 13, 2021). 2.5    Agreement and Plan of Merger, dated as of September 26, 2020, by and among Devon Energy Corporation, East Merger Sub, Inc. and WPX Energy, Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by Devon Energy Corporation with the SEC on September 28, 2020). 10.1    Stockholders’ Agreement, dated as of January 7, 2021, by and among Devon Energy Corporation, Felix Investments Holdings II, LLC and EnCap Energy Capital Fund X, L.P. (incorporated by reference to Exhibit 10.1 to theCurrent Report on Form 8-K filed by Devon Energy Corporation with the SEC on January 7, 2021). 10.2    Registration Rights Agreement, dated as of January 7, 2021, by and between Devon Energy Corporation and Felix Investments Holdings II, LLC (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by Devon Energy Corporation with the SEC on January 7, 2021). SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,complete and correct. Date: October 21, 2021 n/a On July 10, 2018, EnCap Investments L.P. (“EnCap”) entered into a settlement with theUnited States Securities and Exchange Commission (the “SEC”) under which EnCap consented to the entry of an order (the “Order”) that finds that EnCap violated Section 206(4) under the Investment Advisers Act of1940 (the “Advisers Act”) and Rule 206(4)-5 thereunder. Solely for the purpose of settling these proceedings, EnCap admitted to the SEC’s jurisdiction, the subject matter of theseproceedings and consented to the Order. The Order required EnCap to cease and desist from committing or causing any violations and any future violations of Section 206(4) of the Advisers Act and Rule206(4)-5 thereunder, to be censured and to pay a civil monetary penalty in the amount of $500,000 to the SEC.

Felix Investments Investments

4 Investments

Felix Investments has made 4 investments. Their latest investment was in Jumio as part of their Series A on March 3, 2011.

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Felix Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/17/2011

Series A

Jumio

$6.5M

No

4

1/7/2011

Series A

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$99M

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10

11/24/2010

Series A

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$99M

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10

9/17/2010

Seed

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$99M

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0

Date

3/17/2011

1/7/2011

11/24/2010

9/17/2010

Round

Series A

Series A

Series A

Seed

Company

Jumio

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Amount

$6.5M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

4

10

10

0

Felix Investments Portfolio Exits

3 Portfolio Exits

Felix Investments has 3 portfolio exits. Their latest portfolio exit was Badgeville on June 24, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/24/2016

Acquired

$99M

1

5/6/2016

Acq - Fin

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$99M

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10

7/3/2013

Acquired

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$99M

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10

Date

6/24/2016

5/6/2016

7/3/2013

Exit

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

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