Florida State Board of Administration, Tallahassee, committed $300 million to Elan Fund, a hedge fund of funds managed by J.P. Morgan Alternative Asset Management, said John Kuczwanski, communications manager, in an e-mail.
The commitment is part of the board’s 12% strategic investments allocation.
The $178.8 billion board also committed $75 million to private equity fund Cressey & Co. Fund V. The board previously committed $50 million to Cressey & Co. Fund IV in March 2009.
