State Board of Administration of Florida related stories
All articles and analysis
State Board of Administration of Florida reveals new commitmentsThe State Board of Administration of Florida has announced three new commitments towards private equity, including the backing of two co-investment vehicles.
Side Letter: QIA's APAC expansionThe $445 billion QIA is massively expanding its Asia-Pacific footprint to capture private equity opportunities in the region. Plus: why some experts believe concerns over NAV loans have been blown out of proportion. Here's today's brief, for our valued subscribers only.
Side Letter: The importance of GP disciplineThe UK's £76 billion Universities Superannuation Scheme is eyeing smaller opportunities as it prioritises managers that can remain disciplined. Plus: LGT Capital Partners reckons this is the first decade in which private equity won't grow; and Rede looks to the Middle East. Here's today's brief, for our valued subscribers only.
Florida SBA faces setback in efforts to introduce CFOsThe $257bn pension has been seeking alternatives to secondaries sales to avoid taking massive discounts in such transactions.
Florida SBA's Bradle: Top-quartile returns are not enough todayThe $258bn US pension wants to know whether a GP's performance is repeatable – something that's often down to the manager's expertise in sector specialisation, according to senior portfolio manager Wes Bradle.
Side Letter: Inflexion doubles downLondon's Inflexion leaned on existing LPs to more than double the size of its latest Enterprise vehicle. Plus: CVC joins the secondaries evergreen party; and meet the family office putting everything into impact. Here's today's brief, for our valued subscribers only.
Side Letter: To roll, or not to roll?North Carolina is the latest in a string of LPs reviewing their participation, or a lack thereof, in GP-led transactions. Plus: Norway’s Cubera has closed its largest secondaries fund; and PE bankruptcies are causing headaches for compliance officers. Here's today's brief, for our valued subscribers only.
The appeal of securitisationsFlorida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.
Side Letter: Temasek's steady handThe world's largest PE investor says it is guided by thematic investing, and does not have a target allocation for the asset class. Plus: the firm that's doubled each fund size since inception; and BlackRock's thoughts on AI. Here's today's brief, for our valued subscribers only.
- How Florida SBA uses secondaries market to improve performance
Secondaries is an area where the $251bn system can 'use creative partnerships to access opportunities', according to senior investment officer John Bradley.