TrueBridge Capital Partners

The Florida State Board of Administration (SBA), which oversees $240 billion across pension and other statewide assets, continued to expand its key alternative investment portfolio by over $1.3 billion in the first quarter of 2023.

The State Board of Administration of Florida made about $1.5 billion in new commitments to managers of alternative investment classes in the third quarter.

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 ...