Florida State Board of Administration, Tallahassee, committed a total of $1.25 billion to new private equity and real estate funds and strategic investments, according to John Kuczwanski, communications manager for the $156.8 billion board.
In private equity, the board committed $200 million each to Green Equity Investors VI, managed by Leonard Green & Partners, and Platinum Equity Capital Partners III, and $100 million to Thoma Bravo Fund X.
In real estate, the board committed $300 million to Blackstone Real Estate Partners VII.
The board also committed $300 million to Boston Timber Opportunities, managed by Hancock Timber Resources Group, and $150 million to Jackson Timberland Opportunities, managed by Molpus Woodlands Group.
The Hancock and Molpus commitments are part of the board's strategic investments asset class, which consists of hedge funds, and opportunistic debt and equity classes.
Hamilton Lane is the board's private equity consultant, Townsend Group its real estate consultant, and Cambridge Associates consults on hedge funds.
