Investors - JULY 9, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Texas pension fund commits $50m to energy fund

by Zoë Wolff

The Texas County & District Retirement System has committed $50 million to Ridgewood Energy Oil & Gas Fund III, according to the pension fund’s website.

The fund, managed by Ridgewood Energy, is seeking $1.5 billion to invest in the energy sector in Mexico, Canada and the United States. The fund launched in January and quickly raised more than $300 million. Another recent investor in the fund is the $12.6 billion Orange County (Calif.) Employees Retirement System.

The first fund in the series closed in January 2014 with $1.1 billion in equity commitments.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy