Florida SBA commits $486m

The US public pension committed to five funds.

In the first quarter, Florida State Board of Administration committed $76 million to Rubicon Tech II, $60 million to Abry Sr Equity V, $150 to Castlelake III and $100 million each to EnCap Energy Capital Fund XI and MCP Private Cap III.

The $191.1 billion US public pension has a 24 percent current allocation to alternatives.

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