Florida SBA Discloses Q2 Alternative Commitments

The Florida State Board of Administration has recently released their new managers report for the second quarter of 2022.

In private equity, Florida SBA committed $150 million to Advent GPE X, $100 million to Rubicon IV, and $250 million to the Florida Sunshine State Fund, a Florida focused private equity fund managed by J.P Morgan.

In infrastructure, $200 million was committed to Red Hills Rail I, also known as ITE Rail Co-Invest SMA. $150 million was also committed to ISQ Growth Markets Infrastructure Fund.

In real estate $40 million was committed to opportunistic real estate co-investment fund, Invesco Strategic Opportunities III Danish Co-Investment; and $100 million was committed to Invesco Real Estate US Fund VI.

Lastly, in private credit, $40 million was committed to distressed fund Apollo Accord Fund V, $150 million was committed to Glendon Opportunities Fund III, and $150 million was committed to Miravast ILS Credit Opportunities II.

The Florida State Board of Administration oversees approximately $240 billion in assets. 79% of which is made up of the Florida Retirement System Pension Plan.

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