FRS Trust Fund approves $1.2bn in commitments

The US public pension has backed six private debt 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 confirmed $1.2 billion-worth of private debt commitments to six vehicles, a contact at the pension informed Private Debt Investor.

The commitments comprise $150 million to Orion Energy Credit Opportunities Fund III, $200 million to Apollo Accord Fund IV, $200 million to Audax Mezzanine Fund V, $200 million to MSD Private Credit Opportunity Fund SMA, $200 million to OHA Tactical Investment Fund and $250 million to Torchlight Debt Opportunity Fund VII.

As illustrated below, the pension fund’s recent commitments are to funds focused on the corporate and real estate sectors within the North America region.

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