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.
