Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, US
AUM: $182.57 billion
Allocation to alternatives: 27.10%
The digital infrastructure fund managed by Grain Management held its final close in March 2021, after raising $2.25 billion in commitments, exceeding the $1.5 billion target size. Previously, FRS Trust had committed $100 million to Grain Spectrum Holdings III, in the fourth quarter of 2020.
The $182.57 billion public pensions currently invest in infrastructure through the 9.2 percent strategic investment section of its full investment portfolio.
As illustrated below, FRS Trust fund’s recent commitments have predominantly targeted global unlisted vehicles across energy, renewables and digital infrastructure.
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