Investors - MAY 4, 2016

Florida commits $225m to real estate and infrastructure

by Zoë Wolff

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.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy