Florida allocates nearly $1bn across PE, VC, RE and credit

The $252 billion Florida State Board of Administration (SBA), which oversees the state’s retirement system assets, selected roughly 11 funds in alternative investment commitments totaling nearly $1 billion.

The board approved seven private equity funds, with assistance from Cambridge Associates. Chosen were: Lightbay Capital’s Lightbay II ($75 million); Stride Consumer Partners’ Stride I ($50 million); Tiger Iron Capital’s Tiger Iron Special Opportunities Fund III ($85 million); Summa Equity AB’s Summa III ($45 million); Aegon Asset Management’s FSBA AAM I ($100 million); Carnelian Energy Capital’s Carnelian IV ($75 million) and Windrose Health . . .

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