Florida State Board of Administration, Tallahassee, made a total of $1 billion in new commitments to private equity and real estate, according to Dennis D. MacKee, director of communications for the $156.8 billion board.
In private equity, the board committed $200 million each to Ares Corporate Opportunity Fund IV and Warburg Pincus Private Equity XI, $100 million to AXA Secondary Fund V and $50 million each to RCP Fund VIII and Strategic Investors Fund V-A Opportunity.
In real estate, the fund committed $100 million to Rockpoint Real Estate Fund IV and in strategic investments committed $150 million each to Crescent Mezzanine Partners and OZ Domestic Partners II, managed by Och-Ziff Capital Management
Separately, the board also hired William Blair to run $100 million in active emerging markets small-cap equities. Funding came from liquidity, according to Mr. MacKee.