Florida State Board of Administration, Tallahassee, committed a total of $1.1 billion to seven private equity funds, according to Dennis D. MacKee, communications director of the $124 billion system.
CVI Global Value Fund received a commitment of $250 million; Blackstone Capital Partners VI and First Reserve Fund XII, $200 million each; ABRY Advanced Securities Fund and TCW/Crescent Mezzanine Partners V, $150 million each; Ares Corporate Opportunities Fund III, $100 million; and Cressey & Co. Fund IV, $50 million.
Hamilton Lane, the system’s private equity consultant, assisted.
