FRS Trust Fund approves $1.4bn in commitments

The US public pension has backed seven private debt funds.

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Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, US
AUM: $210.30 billion
Allocation to alternatives: 17.20%

Florida Retirement System Trust Fund has confirmed $1.4 billion-worth of private debt commitments to seven vehicles, a contact at the pension informed Private Debt Investor.

The commitments comprise $350 million to CVI Credit Value Fund V, $200 million to Kennedy Lewis Capital Partners II, $200 million to LCM Credit Opportunities 4, $50 million to Strategic Origination and Lending Opportunities (SOLO), $250 million to Blue Torch Credit Opportunities SBAF Fund, $200 million to EIG Global Project Fund V and $150 million to PAG Loan Fund IV.

As illustrated below, the pension’s recent commitments have been to funds focused on the corporate sector within Asia-Pacific, Europe and North America.

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