NGP Energy Capital Management, an energy and natural resources investor, is seeking $750m (€660.4m) for its latest fund, according to Sacramento County Employees’ Retirement System’s board meeting document.
The pension fund disclosed in the meeting document that it approved a $75m commitment to NGP Royalty Partners III last month.
NGP Energy’s Fund II, the previous fund in the series, closed at $527m in May 2023, focusing on oil and gas royalties. Fund III will focus on opportunistic investments.
Sacramento County Employees’ has allocated the investment to its real assets portfolio
To read the latest IPE Real Assets magazine click here.
