SBA Florida approves $248m in commitments

The US public pension has backed five private equity funds.

Institution: Florida State Board of Administration
Headquarters: Tallahassee, United States
AUM: $200.94bn
Allocation to alternatives: 24.90%
Bitesize: $100-200m

Florida State Board of Administration (SBA Florida) has agreed to commit $248 million to five private equity funds, a contact at the pension informed Private Equity International. The commitments comprise of $75 million to American Industrial Partners Capital Fund VII, $60 million to Falfurrias Capital Partners IV, £25 million ($33 million) to Livingbridge Enterprise 3, $50 million to Windrose Health Investors V and SEK286 million ($30 million) to Summa Equity Fund II.

The $200.94 billion US public pension has a 6.0 percent target allocation to private equity that currently stands at 7.10 percent.

As illustrated in the charts below, SBA Florida has made four commitments to private equity funds with a 2019 vintage, which combined constitute $217 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.