The Florida State Board of Administration has released their Q3 new managers report, disclosing up to $1.3 billion in new commitments.
Emerging Market/Domestic Equities
$215 million was committed to each of three different emerging markets small cap strategies which include TimesSquare EMSC, Allspring EMSC, and Kayne Anderson Rudnick EM SC. In addition, $170 million was allocated to Copeland Capital’s U.S. small cap core strategy.
Private Equity
Within private equity, $51 million was allocated to buyout and growth fund, One Peak Growth III, managed by One Peak Partners based out of London. $20 million was committed to venture capital fund, OpenView Venture Partners VII. $30 million was committed to venture capital fund, TrueBridge Blockchain I. $51 million was committed to The Paragon Fund IV, a growth equity fund managed by Paragon Partners based in Munich. $100 million was committed to buyout fund, Thoma Bravo Discover IV.
Real Estate
$100 million was invested with a value-add real estate fund, EQT Exeter Industrial Value Fund VI. Approximately $40 million was allocated to core real estate fund, Montecito 300 Ventures II. The fund is a joint venture between Heitman and Montecito Medical, a medical office real estate firm.
Private Credit
$100 million was committed to distressed credit fund, Edelweiss India Special Assets Fund III.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
