November 20, 2025

How Ken Hersh Built a $20B Energy Empire: Risk, Resilience, and The Fastest Tortoise

Ken Hersh
PRIVATE EQUITY

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Quote Cards

Ken Hersh - Quote Card 1
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About this Episode

Ken Hersh, CEO of NGP Energy Capital Management, shares how he built a $20B+ energy-focused private equity empire. We discuss contrarian investing during commodity cycles, the importance of patient capital, leadership lessons from running the George W. Bush Presidential Center, and why being the 'fastest tortoise' wins in energy investing.

About Ken Hersh

Portrait of Ken Hersh, CEO at NGP Energy Capital Management

Ken Hersh

CEO, NGP Energy Capital Management

Ken Hersh is CEO of NGP Energy Capital Management, which he built into a $20B+ energy-focused private equity empire. He is former CEO of the George W. Bush Presidential Center.

Book by Ken Hersh

The Fastest Tortoise by Ken Hersh with Steve Fiffer

The Fastest Tortoise

Winning in Industries I Knew Nothing About -- A Life Spent Figuring It Out

by Ken Hersh with Steve Fiffer

Through entertaining conversations with best-selling author Steve Fiffer, Ken Hersh recounts his improbable journey from knowing nothing about the energy industry to pioneering an investment methodology that built one of the country's most successful private investment firms. That model has since been copied by dozens of firms to become the dominant means by which capital flows into domestic energy. Structured around "Ken-isms" like "yellow lights don't turn green," "be uncomfortable," and "feed the ducks while they're quacking," the book covers his path from planting a flag in an industry where the investment model had to be reinvented, to creating a culture where colleagues felt like family, to pursuing a second career leading the George W. Bush Presidential Center. An Amazon Best Seller in Industrial Management & Leadership, Energy & Mining Industry, and Nonprofit Organizations & Charities.

More Videos of Ken Hersh

Ken Hersh - Interview 1
Ken Hersh - Interview 2
Ken Hersh - Interview 3
Ken Hersh - Interview 4
Ken Hersh - Interview 5
Ken Hersh - Interview 6
Ken Hersh - Interview 7
Ken Hersh - Interview 8
Ken Hersh - Interview 9
Ken Hersh - Interview 10
Ken Hersh - Interview 11

Book Recommendations

The Fastest Tortoise

by Ken Hersh

Rec. By

Ken Hersh, Ryan Harper

Against the Gods

by Peter Bernstein

Rec. By

Ken Hersh

Moneyball

by Michael Lewis

Rec. By

Ken Hersh