The Virginia Retirement System (VRS) has invested $125 million in NGP Energy Capital Management’s Natural Resources XIV fund.
NGP Natural Resources XIV is a closed-end, opportunistic fund targeting strategies in the United States that capitalize on energy infrastructure demand with a disciplined, operationally focused approach. It has a maximum size of $2.5 billion.
The Teacher Retirement System of Texas and Teachers’ Retirement System of Louisiana both committed to this fund earlier in 2026.
NGP Natural Resources XIII, its predecessor, closed with $2.3 billion in total capital commitments.
VRS, a public pension fund, had $136.1 billion in total assets under management, as of Sept. 30.
