Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, US
AUM: $210.30 billion
Allocation to alternatives: 20.96%
Florida Retirement System Trust Fund has confirmed $2.36 billion-worth of private equity commitments to 14 vehicles, a contact at the pension informed Private Equity International.
The commitments comprise of €200 million to CVC Capital Partners VIII, $100 million to Francisco Partners VI, $200 million to Lexington Co-Investment Partners V, £60 million ($76 million; €67 million) to Livingbridge 7, $100 million to MBK Partners V, $175 million to Silver Lake Partners VI, $75 million to Strategic Investors Fund X, $350 million to CVI Credit Value Fund V, $200 million to Kennedy Lewis Capital Partners II, $200 million to LCM Credit Opportunities 4, $50 million to Strategic Origination and Lending Opportunities (SOLO), $250 million to Blue Torch Credit Opportunities SBAF Fund, $200 million to EIG Global Project Fund V and $150 million to PAG Loan Fund IV.
The $210.30 billion US public pension has a 7.60 percent target allocation to private equity that currently stands at 6.0 percent.
As illustrated below, the pension fund’s recent commitments are to funds focused on the telecommunications, natural resources, oil and gas, consumer goods and technology sectors within the Asia-Pacific, North America and Europe regions.
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