Florida Retirement System Investment Plan approves $100m commitment

The US public pension has backed a digital infrastructure fund.

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Institution: Florida Retirement System Investment Plan
Headquarters: Tallahassee, United States
AUM: $164.40bn
Allocation to alternatives: 24.90%
Bitesize: $100-200m

Florida Retirement System Investment Plan has agreed to commit $100 million to Grain Communications Opportunity Fund II, a contact at the pension informed Infrastructure Investor.

The $164.40 billion US public pension has a 0.50 percent allocation to infrastructure.

As illustrated in the charts below, the investment plan has made three commitments to infrastructure funds with a 2018 vintage, which combined constitute $390 million.

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