Investors - FEBRUARY 11, 2015

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Louisiana Teachers commits $75m to energy

by Reg Clodfelter

The Teachers’ Retirement System of Louisiana has committed $75 million to EnCap Energy Capital Fund X, managed by EnCap Investments, confirms Maurice J. Coleman, deputy chief investment officer with TRSL.

Fund X, which launched during fourth quarter 2014, is reportedly seeking a $5 billion haul, the same amount raised by its predecessor. It will likely continue the strategy used by the fund series, providing growth capital to proven management teams focused primarily on the upstream sector of North America's oil and gas industry.

TRSL currently has 1 percent of its $16.7 billion in assets invested in its commodities bucket, which houses this investment. The retirement system has a 2 percent target allocation to the asset class.

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