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Florida Retirement System Investment Plan approves $25m commitment

The US public pension has backed an opportunistic real estate fund.

Institution: Florida Retirement System Investment Plan
Headquarters: Tallahassee, United States
AUM: $164.40bn
Allocation to alternatives: 24.90%
Bitesize: $100-200m

Florida Retirement System Investment Plan has agreed to commit $25 million to Rockpoint Real Estate Fund VI, a contact at the pension informed PERE.

The $164.40 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.24 percent.

As illustrated in the charts below, the investment plan has made three commitments to real estate funds with a 2019 vintage, which combined constitute $235 million.

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