The $191.1 billion Florida State Board of Administration has committed $100 million to Encap Energy Capital Fund XI, according to spokesman John Kuczwanski.
Encap Energy Capital Fund XI, managed by EnCap Investments, will make oil and gas investments throughout Canada and the United States. In January, the fund had raised $1.72 billion in equity commitments.
The fund has previously received commitments of $75 million from the $25.6 billion Texas County & District Retirement System, $35 million from the $14.2 billion Arkansas Teacher Retirement System and $35 million from the $34.7 billion Illinois Municipal Retirement Fund.
Previously, Florida SBA has committed to additional oil and gas infrastructure funds, including a $60 million commitment to Post Oak Energy Partners III in May 2016. The fund invests in North American oil and gas companies, oilfield services, and related infrastructure.