FRS Trust Fund approves $150m commitment

The US public pension has backed a real estate fund.

Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, US
AUM: $182.57 billion
Allocation to alternatives: 27.10%

Florida Retirement System Trust Fund has agreed to commit $150 million to Starwood Global Opportunity Fund XII, a contact at the pension informed PERE.

The 182.57 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.80 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the office, residential, industrial and retail sectors within Asia-Pacific, Europe and North America.

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