Energy Capital Partners receives $50m commitment

The US public pension has backed ECP's fifth infrastructure fund.

Institution: Teachers’ Retirement System of Louisiana
Headquarters: Baton Rouge, US
AUM: $25.4 billion

Teachers’ Retirement System of Louisiana has committed $50 million to ECP‘s fifth fund, a contact at the pension confirmed.

At the pensions’ September board meeting, it announced that it will be investing into Energy Capital Partners V. The fund, which launched in December 2021 with a $4 billion target, will be investing into the renewables and energy sector in North America.

At the meeting, it also outlined its target commitment pacing plan for 2023. Over the course of 2023, TRSL will commit $2.9 to $3.9 billion to private markets. For infrastructure, TRSL will aim to invest $200 million-$300 million across four to six funds.

As illustrated below, the Baton Rouge-based pension’s recent infrastructure commitments have tended to focus on North America-based vehicles targeting the energy or renewables sector.

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