Florida Retirement System Trust Fund approves $75m commitment

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

Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
AUM: $165.40bn
Allocation to alternatives: 24.90%
Bitesize: $100-200m

Florida Retirement System Trust Fund has agreed to commit $75 million to Invesco Strategic Opportunities Fund III, a contact at the pension informed PERE.

The $165.40 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.20 percent.

As illustrated in the charts below, the trust fund has made five commitments to real estate funds with a 2018 or 2019 vintage, which combined constitute $395 million.

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