News & Analysis

Florida SBA confirms latest debt commitment

The US pension fund backs Torchlight Investors' real estate debt fund.

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  • Name: Florida Retirement System Trust Fund
  • HQ: Tallahassee, US
  • AUM: $232.5 billion

Florida Retirement System Trust Fund (Florida SBA) has committed $150 million to Torchlight Debt Fund VIII, according to a source from the public pension.

Torchlight Investors, a New York-based private real estate firm, specialises in the management of real estate debt funds. With a senior debt strategy, the firm launched its latest debt fund in May 2022, with its first closing in December 2022 on $858.25 million.

As shown below, Florida SBA’s recent private debt commitments have targeted senior debt and distressed vehicles in the real estate and corporate sectors in North America and Asia-Pacific.

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