Florida adds more than $400m in PE, real estate

The $251 billion Florida State Board of Administration (FSBA) tapped six new managers within private equity and real estate for a total of more than $425 million in new mandates in the last quarter.

The FSBA, which manages the $205 billion in Florida Retirement System assets, allocated to three private equity firms during the quarter putting $151 million to work in the space. Commitments were made to: Truebridge VII ($75 million); Falfurrias V ($60 million); and Blue Water I ($15.8 million).

Truebridge Capital Partners' latest offering opened to outside investors earlier this year and . . .

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