FRS Trust Fund approves $338m in commitments

The US public pension has backed two real estate funds.

Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
AUM: $207.8 billion
Allocation to alternatives: 27.1%

Florida Retirement System Trust Fund has agreed to commit $250 million to Torchlight Debt Opportunity Fund VII and €75 million to CapMan Nordic Real Estate III, a contact at the pension informed PERE.

The $207.80 billion US public pension has a 10 percent target allocation to real estate that currently stands at 9.8 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the retail, office and residential sectors within the Europe and North America regions.

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