Florida State Board of Administration, Tallahassee, committed $772.5 million to eight private equity and real estate funds, said John Kuczwanski, FSBA communications manager, in an e-mail.
In private equity, the FSBA, which oversees, $181 billion, committed $150 million each to Asia Alternatives Florida Investor, a fund managed by Asia Alternatives Management in which the FSBA is the sole limited partner, and Thoma Bravo Fund XI; $100 million each to FS Equity Partners VII, a fund managed by Freeman Spogli, and Energy & Minerals Group Fund III; $50 million each to EnCap Flatrock Midstream Fund III and RCP Fund IX, managed by RCP Advisors; and $22.5 million to SVB Capital Partners III, managed by SVB Asset Management.
In addition, the FSBA committed $150 million to Colony Distressed Credit and Special Situations III, a real estate debt fund managed by Colony Capital.
Cambridge Associates, FSBA's private equity consultant, assisted with all the searches, except for the Colony commitment, which was assisted by Townsend Group, FSBA's real estate consultant.