The State Board of Administration (SBA) of Florida — Florida Retirement System (FRS) — has committed $100 million to the Patria Infrastructure Fund IV, managed by Patria Investments.
Patria Infrastructure performs equity investments in a diversified portfolio of infrastructure-related assets in Brazil and selected other Latin American countries.
Launched in 2018, Patria Infrastructure Fund IV is targeting a diverse variety of infrastructure assets in Brazil. An equity fundraising target could not be located at the time of publication.
As of April 30, SBA Florida had $201.8 billion in assets under management, and the FRS Trust Fund had $157.7 billion.
