News & Analysis

Florida Retirement System approves $50m commitment

The US public pension has backed an agtech fund.

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

Florida Retirement System Trust Fund has committed $50 million to TPG’s Rise Fund II, a contact at the pension informed Agri Investor.

The Trust Fund previously committed $25 million to the fund’s predecessor in November 2017

As illustrated below, Florida Retirement System Trust Fund has made four commitments to agriculture funds to date, each of which have had a global focus.

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