The Teachers’ Retirement System of the State of Illinois (TRSI), with $66 billion of assets under management, has committed $100 million to NGP Natural Resources XIII.
Managed by Dallas-based NGP Energy Capital Management, NGP Natural Resources XIII is seeking $2.5 billion and will focus on making investments in oil and gas production, oilfield services and energy midstream sectors through its Natural Gas Partners investment platform throughout the United States.
The fund’s predecessor, NGP Natural Resources XII, closed in 2019 with $4.3 billion of capital raised. And NGP Natural Resources XI closed in 2015 with $5.33 billion of committed capital.