FUNDRAISING NEWS | May 03, 2023
The Florida State Board of Administration has disclosed twelve investments totaling up to approximately $1.8 billion in the first quarter of 2023, according to a recently released new manager report.
$300 million was committed to Loomis Core Plus Fixed Income, and $300 million was also committed to Manulife Core Plus Fixed Income.
In Private Equity, $100 million was committed to growth equity fund, TowerBrook Investors VI, managed by TowerBrook Capital Partners. $75 million was committed to the buyout fund, Accel-KKR Capital Partners VII. $100 million was committed to the venture capital fund, TrueBridge Capital FSA III. $20 million was committed to the venture capital fund, SVB Capital Partners VI. $50 million was committed to the buyout fund, Juniper Capital IV. Lastly, €132 million was committed to the buyout fund, Waterland Private Equity Fund IX.
Within Private Credit, $200 million was allocated to Sprott Private Resource Lending III, managed by Sprott Asset Management. $200 million was allocated to H.I.G. Whitehorse FSBA, managed by H.I.G. Capital. $150 million was allocated to Blackstone Green Private Credit Fund III, managed by Blackstone.
Lastly, real estate fund Cerberus Institutional Real Estate Partners VI received a $150 million commitment.
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!
John Washington is the Data Research Analyst at Dakota.
