As of February 28, 2023, The Florida Retirement System had an investment portfolio valued at $180.40 billion, held in cash, fixed-income securities, publicly traded equities, hedge funds, real estate, private equity, and other alternative asset classes. The system returned -4.35% over 1 year, 8.24% over 3 years, 6.57% over 5, 7.78% over 10, 6.63% over 15 and 8.14% over 20 years, compared with benchmark returns of -4.23%, 7.18%, 5.53%, 6.83%, 5.82%, and 7.49%, respectively. The private equity portfolio was valued at $17.31 billion on February 28, 2023, which is 9.6% of the total portfolio, up from $17.23 million on December 31, 2022. It is within the target range of 2%-12%. Private equity investments include venture capital, private equity growth expansion, mezzanine, diversified private equity, co-investment and buyout strategies. Board members govern the plan's investments, with Mr. Ron DeSantis serving as Chairman of the Board of Trustees at the Florida State Board of Administration. Hamilton Lane is the LP Consultant.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| RJ Family Office | Multi family office | Singapore | Real estate | $3.7T | 1 |
| Norges Bank Investment Management | Sovereign Wealth Fund | Oslo, Norway | Core | $1.8T | 1 |
| Morgan Stanley Investment Management | Fund of Funds | New York | Debt & credit · Core · Co-investment | $1.6T | 1 |
| SEI Investments | Fund of Funds | Oaks | Multifamily · Industrial | $1.5T | 4 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| National Pension Service | Public Pension Fund | Jeonju-si, South Korea | Core · Co-investment | $800B | 1 |
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