District of Columbia Retirement Board committed $100 million to EnCap Energy Capital Fund XII.
The board disclosed the Sept. 30 commitment to the oil and gas fund managed by EnCap Investments in minutes for its Nov. 21 board meeting.
The board has made commitments to five previous EnCap funds, most recently committing $25 million to EnCap Energy Capital Fund XI in 2017.
As of Sept. 30, the board’s actual allocation to natural resources was 2.2%; the target is 2%.
The board oversees the investment management of the District of Columbia Police Officers' and Firefighters' Retirement Plan, and the District of Columbia Teachers' Retirement Plan, which have a combined $12.4 billion in assets.
