Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
Allocation to alternatives: 17.50%
Florida Retirement System Trust Fund has confirmed $480 million-worth of commitments to three private debt vehicles, a contact at the pension informed Private Debt Investor.
The commitments comprise of $180 million to Metric Capital Partners’ Private Capital Fund IV; $150 million to Silver Lake Waterman Fund III; and $150 million to Sciens Capital Management’s SASOF V fund.
The $165.40 billion US public pension has a 7.90 percent allocation to strategic investments, in which the exposure to private debt is housed.
As illustrated below, the Trust Fund has made commitments to eight private debt funds with a 2018 or 2019 vintage, which combined constitute $975 million.
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