Florida State Board of Administration, Tallahassee, committed a total of $852 million to private equity and debt funds, according to Dennis D. MacKee, communications director.
The board committed $150 million to ABRY Senior Equity III, a corporate mezzanine fund, and $100 million to Varde Fund X, an opportunistic debt fund. Cambridge Associates, the board's hedge fund consultant, assisted in both.
Also, it committed $100 million to Bayview Opportunity Master Fund IIB, a residential whole mortgage fund. Townsend Group, the board's real estate consultant, assisted.
Other commitments were $100 million each for opportunistic debt funds Oaktree Capital Management Opportunities VII and Blackstone/GSO Capital Solutions; Audax Credit Opportunities, a senior loan fund; and Pantheon Global Secondary IV, a private equity fund.
In addition, it committed €40 million ($52 million) to Riverside Europe IV, a private equity fund, and $50 million to Oaktree Capital Management Opportunities VIIIB, an opportunistic debt fund.
Hamilton Lane, the board's private equity consultant, assisted in the other commitments.
The board oversees a total of $138.4 billion, including the $112.2 billion Florida Retirement System.