Texas County & District commits $75m to energy fund
The $25.6 billion Texas County & District Retirement System has committed $75 million to EnCap Energy Capital Fund XI.
The closed-end EnCap Energy Capital Fund XI, managed by EnCap Investments, will make oil and gas investments in Canada and the United States.
Fund XI received additional commitments in December as well, including $35 million from the $14.2 billion Arkansas Teacher Retirement System, $10 million from the $572 million University of Houston System and $35 million from the $34.7 billion Illinois Municipal Retirement Fund.
In addition, TCDRS committed $75 million to the fund’s predecessor, Energy Capital