Teacher Retirement System of Texas has committed a total of $350 million to two energy funds, according to Rhonda Price, communications manager for the pension fund.
Texas TRS committed $150 million to Energy Capital Partners IV-A, managed by Energy Capital Partners Management, and $200 million to Echo Minerals Management V, managed by Echo Minerals. Both are limited partnership funds that focus on energy diversified investments.
Energy Capital Partners is a private equity firm focused on investing in North America’s energy infrastructure assets such as power generation, midstream, electric transportation and more. Energy Capital Partners IV-A is a sidecar of Energy Capital Partners IV, a fund that is seeking to raise $6 billion, according to a filing with the SEC.
Echo is an upstream oil and gas firm. It currently manages assets in the SCOOP, STACK, Midland, and Delaware basins in Oklahoma and Texas. Echo is currently buying minerals in various regions of North America, and buying non-operated working interests in the core Oklahoma basins, according to its website.
