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.