Florida Retirement System approves $200m commitment

The US public pension has backed a transport-focused infrastructure fund.

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Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
AUM: $165.40bn
Allocation to alternatives: 17.50%
Bitesize: $100-200m

Florida Retirement System Trust Fund has committed $200 million to Global Transport Income Fund, a contact at the pension informed Infrastructure Investor. The JP Morgan-managed fund focuses on investments in transport assets located in Western Europe.

The $165.40 billion US public pension has a 0.50 percent allocation to infrastructure.

As illustrated below, the Trust Fund has made commitments to three infrastructure funds with a 2018 or 2019 vintage, which combined constitute $3900 million.

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