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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.

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