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In brief: Florida Retirement System backs Summa’s €2.3bn impact fund

Florida RSTF has previously invested in TPG Rise Funds and Summa’s second fund.

Florida Retirement System invested €40 million into Summa Equity’s third impact fund, which closed last month on €2.3 billion. The pension previously backed Summa’s Fund II with Skr286 million ($31 million; €21 million).

Elsewhere in impact, Florida Retirement System invested $50 million in TPG’s second Rise fund and $25 million in TPG’s first Rise fund. The pension has assets worth $202 billion and a 9 percent allocation to private equity.