State Board of Administration of Florida related stories
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Florida hikes private equity target to 5%The pension's board, which manages about $110bn in assets, has also significantly increased the target for strategic investments, which includes debt funds and infrastructure.
- Florida commits $260m to debt funds
The Florida State Board of Administration, which manages the state’s $113bn pension funds, has made commitments to ABRY, Oaktree and Varde, and is negotiating commitments to Audax and GSO.
- Florida SBA commits $300m to Levine Leichtman, Providence
The board, which manages the state’s $113bn pension, also is considering investments in Oaktree and Bayview.
- Florida commits more than $770m to private equity
The Florida State Board of Administration has committed more than $1bn to the asset class in 2009.
- NZL Superannuation hires Hamilton Lane
The NZ$13.1bn Guardians of New Zealand Superannuation have appointed Hamilton Lane to advise on the fund's private equity investments.
- Florida selects Hamilton Lane to manage $250m initiative
Florida State Board of Administration has pledged $250m for a programme to invest in local Florida businesses through private equity funds and co-investments.
- Private equity returns 7.5% for Florida pension
In an increasingly familiar story for US pensions, the Florida Retirement System suffered an overall loss of 4.4 percent despite a strong showing from its alternatives portfolio.
- Florida pension doubles alternatives allocation
The state’s legislature has increased the Florida State Board of Administration’s allowable allocation to private equity and venture capital from 5 percent to 10 percent. The pension fund is also launching an infrastructure platform.
- CalPERS’ Hayes leaves for Oak Hill
Rick Hayes, the head of CalPERS’ huge and influential private equity programme, has resigned to lead a fund of funds business for Oak Hill Capital Management, the alternative investment firm affiliated with oil billionaire Robert Bass.
- Fernandez leaves Florida for Texas consultant
Frank Fernandez, the head of private equity at the Florida state pension, begins work today at Alignment Capital, an Austin, Texas private equity consultant with plans to raise a fund of funds.