Houston Municipal commits up to $20m to natural resources fund
Investors - OCTOBER 25, 2017

Houston Municipal commits up to $20m to natural resources fund

by Jody Barhanovich

The $2.3 billion Houston Municipal Employees Pension System has committed up to $20 million to NGP Natural Resources XII, according to Pete Koops, communications specialist.
NGP Natural Resources XII is managed by NGP Energy Capital Management, a private equity firm making direct equity investments in the energy sector with approximately $17 billion of cumulative equity commitments. NGP typically executes a buy-and-build strategy through its oil and gas production portfolio companies, in which existing production assets are acquired in a series of transactions. Since its inception, NGP has invested in more than 300 transactions with more than 190 companies throughout the energy sector.

NGP Natural Resources XII has also previously received commitments of $75 million from the Public Employees Retirement Association of New Mexico and $50 million from the Teachers’ Retirement System of Louisiana.

The fund’s predecessor, NGP Natural Resources XI, held a $5.32 billion final close in 2015. NGP Natural Resources X held a $3.58 billion final close in 2012.


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