Florida state pension adds $1 billion to alternatives in Q1

The $235 billion Florida State Board of Administration continues to add to its private equity, real estate and strategic investment categories with another $1 billion in commitments solidified in the first quarter.

A total of eight new alternative investment commitments were made over the time period, as more than $1.5 billion in terminations within the system’s equity program were logged including mandates to hedge fund groups AQR Capital Management ($375 million) and Quantitative Management Associates ($834 million).

In private equity, Peak Rock Capital’s latest fund Peak Rock Capital Fund III was selected . . .

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