Since 2016, Ken Hersh has served as President and CEO of the George W. Bush Presidential Center which houses the George W. Bush Library and Museum and the George W. Bush Institute.
In 1988, he co-founded NGP Energy Capital Management, one of the nation’s largest natural resources private equity firms which pioneered private capital investing in the sector. Until 2016, he served as CEO, investing over $12 billion, earning a 27-year 30% annualized rate of return, making it one of the nation’s leading private investors. In 2023, the Oil and Gas Investor magazine inducted Ken into its Hart Energy Hall of Fame as one of the top 50 “pioneering men and women who have shaped energy over the last half century.”
Additionally, Ken manages his family office that invests across multiple industries. He sits on numerous corporate and not-for-profit boards, including the Texas Rangers Baseball Club. He sits on the Board of Overseers of the Hoover Institution and is a member of the Council on Foreign Relations.
Links:
George W. Bush Presidential Center - https://www.bushcenter.org/
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Topics:
00:00 - Intro
03:53 - Ken’s early career
16:36 - Richard Rainwater and creating NGP
29:25 - The original thesis for NGP
34:55 - Scaling NGP
46:36 - The Shale revolution
49:29 - Horizontal Drilling in 2025
51:45 - The importance of having a great business partner
54:01 - Is “Let’s back teams” still the best model for investing?
55:01 - Ken’s approach to raising capital
56:37 - Is there a modern day Richard Rainwater?
58:34 - When a deal goes wrong
01:06:04 - The global state of energy in 2025
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