Florida SBA approves $675m in commitments

The US public pension has backed developed markets-focused funds.

In the second quarter of 2018, the Florida State Board of Administration committed $250 million to Lexington Capital Partners IX, $200 million to TowerBrook Investors V, $100 million to Cressey & Co Fund VI, $75 million to SVB Strategic Investors Fund IX, $40 million to Atlas Capital Resources III and $10 million to Cressey & Co Overage Fund VI.

The $204 billion US public pension has a 6 percent target allocation to private equity that currently stands at 7.1 percent.

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