The Teacher Retirement System of Texas (TRS) has committed $125 million to Energy Capital Partners (ECP) V, $100 million to Ridgewood Energy Oil & Gas Fund (REOGF) V, $100 million to Formentera Partners TRS CIV and nearly $36 million to Riverstone Nolan Continuation Fund.
TRS has existing relationships with each of the fund managers, having committed $150 million in 2015 to Riverstone Global Energy & Power Fund VI; $150 million in both 2014 and 2018 to ECP III and ECP IV; and $200 million and $250 million to Ridgewood Energy Oil & Gas Fund II and III in 2014 and 2015, respectively.
ECP V, managed by Energy Capital Partners Management, is seeking $4 billion of capital and has a $6 billion hard cap. The fund will invest in energy, renewables and utilities, similar to its predecessor fund, ECP IV, which focused on infrastructure within the core sectors of natural gas power generation, renewables and storage solutions, and midstream and environmental infrastruc