The Orange County Employees Retirement System has committed $100 million to the Kayne Private Energy Income Fund, managed by Kayne Anderson Capital Advisors.
KPEIF was recently launched to take advantage of historically low natural gas prices, which have been pushed down by the huge boost in supply from the U.S. shale revolution.
OCERS invested $70 million into Kayne Anderson Energy Fund VI in August 2012.
The $11.8 billion retirement fund has a fund-wide year-to-date return of 4.95 percent as of Oct. 31, and recorded a return of 0.52 percent during the month of October.