FRS Trust Fund approves $1.13bn in commitments

The US public pension has backed 10 private equity funds.

Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, US
AUM: $182.57 billion
Allocation to alternatives: 27.10%

Florida Retirement System Trust Fund has confirmed $1.13 billion-worth of private equity commitments to 10 vehicles, a contact at the pension informed Private Equity International.

The commitments comprise of $300 million to Centerbridge Capital Partners Fund IV, $200 million to Blantyre Special Situations Fund II, $200 million to Carlyle Aviation Leasing Fund, $150 million to Waterland Private Equity Fund VIII, $115 million to Charlesbank Equity Fund X, $75 million to Arbor Investments V, ¥4 billion ($38 million; €32 million) to Nippon Investment Company Fund II, $30 million to SVB Capital Partners V, $15 million to Arbor Debt Opportunities Fund II and $10 million to Charlesbank Overage Fund X.

The $182.57 billion US public pension has a 6.0 percent target allocation to private equity that currently stands at 8.10 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the healthcare, business services, financial services, industrials, energy, consumer goods, natural resources, technology and transport sectors within Asia-Pacific, Europe and North America.

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