FRS Trust Fund confirms $175m in commitments

The US public pension has backed two funds in its round of first quarter infrastructure commitments.

Institution: Florida Retirement System Trust Fund
Headquarters: Tallahassee, United States
AUM: $160.94bn
Allocation to alternatives: 17.20%
Bitesize: $100-200m

Florida Retirement System Trust Fund approved $175 million-worth of commitments to a pair of infrastructure funds in Q1 2020, according to the pension’s quarterly investment report.

The commitments comprise of $75 million to Denham Oil & Gas Fund II and $100 million to Patria Infrastructure Fund IV.

As illustrated below, the $160.94 billion US public pension’s last five commitments to infrastructure funds have mostly centred around vehicles focused on energy investments.

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