Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
Allocation to alternatives: 17.50%
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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