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
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