Florida SBA commits nearly $500m

The US public pension has backed Europe-, North America- and global-focused funds.

Florida State Board of Administration committed $200 million to GSO Capital Opportunities III, $150 million to Crescent Mezzanine Partners VII, €90 million to Ardian LBO Fund VI and €35 million to OpCapita Consumer Opportunities Fund II.

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

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