Florida SBA to push PE allocation in 2018

The US pension gathers pace for PE investment in fiscal year 2018.

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The Florida State Board of Administration (SBA) targets to make $1.78 billion commitment to private equity for the next fiscal year.

Of the $1.78 billion projected commitment, $1.53 billion is expected to invest in buyout funds and co-investment, $130 million in venture capital and $125 million to distressed opportunities.

SBA currently allocated 6.3 percent of asset to private equity, exceeding its 6 percent target.

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