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LP Tearsheet

Florida SBA approves $440m commitment to PE strategy

The $209 billion US state pension asset manager has committed to multiple PE funds.

By
Raymond Lau
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Florida State Board of Administration (Florida SBA) revealed that it committed a total of $440 million to seven private equity funds in Q4 2017.

This included $115 million invested in Charlesbank IX, $50 million in LightBay Investment Partners I, $75 million in Siris Partners IV and a $75 million commitment to Thoma Bravo’s Discover Fund II.

Additionally, SBA has also committed $125 million to infrastructure-focused private equity funds, including $65 million to EnCap Investments’ EnCap Flatrock Midstream Fund IV, and $60 million to Post Oak Energy Partners’ Post Oak Energy IV.

Platinum subscribers may click here for the SBA’s full profile, including key contacts, allocation strategy and fund investments.