Florida SBA approves $950m in commitments

The US public pension has backed debt, growth and buyout vehicles and a fund of funds.

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In Q3 2017, the Florida State Board of Administration committed $200 million to GSO Capital Solutions Fund III, $150 million each to Benefit Street Debt Fund IV, CVI Credit Value Fund IV and Glendon Opportunities Fund II, $100 million each to TPG Growth IV and Waterland Private Equity VII, $75 million to Francisco Fund V and $25 million to TPG’s Rise Fund.

The $196 billion US public pension has a 6 percent target allocation to private equity that currently stands at 6.5 percent.

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