The $7 billion Missouri Local Government Employees Retirement System has committed $100 million to EIG Energy Fund XVII, according to Brian Collett, CIO of the pension fund.
EIG Energy Fund XVII, managed by EIG Global Energy Partners, recently launched in August. It is an energy-focused infrastructure fund. The fund series will continue EIG’s business of making hybrid debt and structured equity investments in energy and energy-related infrastructure companies and projects on a global basis.
The fund’s predecessor, EIG Energy Fund XVI, held a $6 billion final close in 2013, exceeding its $4.25 billion fundraising target. At the time of the close, the fund was the largest fund in EIG’s history and included capital commitments from 150 limited partners from 18 countries.
LAGERS previously committed $30 million to EIG XIV, $50 million to EIG XV, and $50 million to EIG XVI.