Florida SBA commits nearly $400m

The US public pension has backed a venture, buyout and two debt funds.

Florida State Board of Administration has committed $150 million to LCM Credit Opportunities Fund III, $100 million to Deerfield Private Design Fund IV, $75 million to Trident VII and $68 million to Warburg Pincus China.

The $180 billion US public pension has a 6 percent target and current allocation to private equity.

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