Florida SBA approves over $150m in commitments

The Tallahassee-based public pension fund has backed three North American private equity vehicles.

Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, US
AUM: $183.47 billion
Allocation to alternatives: 26.5%

Florida Retirement System Trust Fund has approved $150 million-worth of commitments across three private equity funds, according to the Q3 new managers report on the pension’s website.

The fund commitments comprise $60 million to Falfurrias Capital Partners V, $75 million to TrueBridge Capital Partners Fund VII and $15.75 million to Blue Water Energy Fund I.

Florida SBA has a 6 percent target allocation to private equity, which currently stands at 9 percent.

As illustrated below, the pension fund’s recent commitments have targeted various strategies across North America and Western Europe.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.