Florida RSTF backs Torchlight

The US public pension has backed Torchlight's eighth real estate vehicle.

Name: Florida Retirement System Trust Fund
HQ: Tallahassee, US
AUM: $232.5 billion
Allocations to real estate: 11.9%

Florida Retirement System Trust Fund (Florida RSTF) has committed $150 million to Torchlight Investors‘ latest real estate debt fund, according to materials from the pension fund.

The pension fund has invested $150 million into Torchlight Debt Fund VIII. The vehicle will invest in the office, residential, retail and industrial sectors across North America, seeking debt returns.

Florida RSTF private real estate holds an 11.9 percent alternative investments portfolio, with a target size of 10 percent. As of November 2022, it is valued at $27.67 billion. As illustrated below, the pension’s recent real estate commitments have focused on a variety of regions and sectors.

 

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