The $70 billion Minnesota State Board of Investment has committed $250 million to two energy funds, according to board meeting documents.
The pension fund invested $150 million to Merit’s Energy Partners K fund, and $100 million to Energy Capital Partners’ Credit Solutions II fund.
Merit Energy is a private oil and gas company.
Energy Capital Partners invests in energy sectors related to its core power, renewables, midstream and environmental businesses, mostly asset-heavy energy businesses that solve the needs of utilities and oil and gas producers.
