The $253 billion Florida State Board of Administration has added several managers across its alternative investment programs with another $676 million in new mandates as of late.
Much of the capital went to private equity with $350 million in allocations to growth and buyout firms in which Florida has invested previously. The allocations were recommended by Cambridge Associates.
The largest mandate of $150 million went to Thoma Bravo for its Thoma Bravo XV buyout offering. The fund has also received capital from other large public pensions such as theContinue Reading Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.
