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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