Florida RSTF backs EQT and Edelweiss real estate funds

The US pension fund confirms its allocation of $100m each to two real estate funds.

  • Name: Florida Retirement System Trust Fund
  • HQ: Tallahassee, US
  • AUM: $228 billion
  • Allocations to alternatives: 21.5%

Florida Retirement System Trust Fund (Florida RSTF) confirmed commitments of $100 million to EQT Exeter Industrial Value Fund VI and $100 million to Edelweiss India Special Asset Fund III (EISAF III), according to its Q3 2022 reports.

Founded in 2006, EQT Exeter is a real estate investment manager focused on US investments in value-add and core properties.

Edelweiss Group, founded in 1996, is a financial services firm with offices in Mumbai that specialises in private equity, real estate and private debt investments in India.

Florida RSTF currently allocates 11.3 percent of its total investment portfolio to real estate, which comprises $25.76 billion in capital. The US public pension has a target allocation of 10 percent to the real estate asset class.

As illustrated below, Florida RSTF’s recent real estate commitments are predominantly focused on North American and Asia-Pacific vehicles.

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