Indiana commits $100m to energy

The Indiana Public Employees’ Retirement Fund will become a limited partner in an energy fund headed by former First Reserve president Ben Guill, among other investments.

The Indiana Public Employees’ Retirement Fund remains bullish on energy sector investments, having recently committed more than $100 million to energy-focused funds.

White Deer Energy, the debut fund from a firm headed by former president of First Reserve Ben Guill, received a $50 million commitment. The fund is targeting $750 million for investments in mid-sized oil and gas exploration and production companies, energy infrastructure and companies that service the oil and gas industry.

The pension also gave $40 million to Energy Capital Partners II, which is targeting $3.5 billion. Doug Kimmelman, Scott Helm and Thomas Lane, all Goldman Sachs alumni, founded Energy Capital Partners in 2005.

In July, the $16 billion pension also made $10.8 million in secondary purchases of fund interests from oil and gas-focused private equity firm EnCap Investments.