Florida Retirement System ends 2021 with over $600m in commitments

The Tallahassee-based public pension fund ends 2021 with eight private equity commitments.

Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, US
AUM: $201.90 billion
Allocation to alternatives: 26.5%

Florida Retirement System Trust Fund has approved $636 million-worth of commitments across eight private equity vehicles, according to the pension’s Q4 managers report.

The commitments comprise:

The commitments to Stride Consumer, Aegon Asset Management, and WindRose Health Investors marks new manager relationships for the US public pension fund. Cambridge acted as the investment consultant for the private equity transactions.

FRS trust fund has a 6 percent target allocation to private equity, which currently stands at 9 percent. Illustrated below are the recent commitments and full investment portfolio by Florida Retirement Trust Fund.

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