Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
AUM: $165.40bn
Allocation to alternatives: 24.90%
Bitesize: $100-200m
Florida Retirement System Trust Fund has agreed $551 million worth of commitments to seven private equity vehicles, a contact at the pension informed Private Equity International.
The commitments comprise of $45 million to Accel-KKR Capital Partners VI, $75 million to Carnelian Energy Capital III, $50 million to Hahn & Co III, €70 million ($78 million) to Investindustrial Fund VII, €70 million ($78 million) to Montagu VI, $100 million to TrueBridge Capital Partners Fund VI and $125 million to a separate account managed by Hamilton Lane.
The $165.40 billion US public pension has a 6.0 percent target allocation to private equity that currently stands at 7.10 percent.
As illustrated in the charts below, the trust fund has made 14 commitments to private equity funds with a 2019 vintage, which combined constitute $1.12 billion.
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