The $179 billion Florida State Board of Administration has committed $225 million to real estate and infrastructure, according to a recent transaction report.
FSBA committed $75 million to TriGate Property Partners III, managed by TriGate Capital. The fund launched in August 2015 and is seeking to raise $350 million. The fund will invest in office, industrial and retail properties in non-gateway U.S. markets. Other investors in the fund include the San Francisco Employees’ Retirement System.
The board also committed $150 million to Global Infrastructure Partners III, managed by Global Infrastructure Partners. The fund is seeking to raise $15 billion and will invest in large-scale infrastructure assets globally. Investors in the fund include theMaine Public Employees Retirement System,the Arkansas Teacher Retirement System, the Washington State Investment Board and the El Paso Firemen & Policemen Pension Fund.
FSBA recently committed $100 million to Blackstone Real Estate Partners Europe V. The board has a 10 percent target allocation to real estate.