The $4.2 billion Fire and Police Pension Association of Colorado has committed $20 million to Scout Energy Partners’ third fund, confirms Scott Simon, CIO with the pension plan.
Scout Energy Partners focuses on acquiring and managing mid-sized upstream conventional oil and gas properties for institutional investors, specifically onshore U.S. assets, according to its website.
FPPA has invested in both of the fund’s predecessors, committing $20 million to Scout Energy Partners I and $30 million to Scout Energy Partners II.
The San Francisco Employees’ Retirement System committed $50 million to the fund in May.
The investment will be housed in FPPA’s real assets bucket, a suballocation of its illiquid alternatives bucket. There is no hard target allocation to real assets, though illiquid alternatives has a 25 percent target allocation, which it is currently at, according to Simon.