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FRS Trust’s investment plans remain unchanged amid Covid-19

The US public pension will continue investing into private equity over the next 12 months.

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Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
AUM: $165.40bn
Allocation to alternatives: 17.50%
Bitesize: $100-200m

Florida Retirement System Trust Fund will continue with its investment plan for private equity in light of Covid-19, a source at the pension informed Private Equity International.

Over the next 12 months the pension will increase its allocation to private equity, and has no plans of slowing down. The $165.40 billion US public pension has a 6.0 percent target allocation to private equity that currently stands at 7.50 percent.

As illustrated below, the pension has historically committed to venture, growth and debt funds globally.

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