Florida State Board of Administration, Tallahassee, committed a total $865 million to nine managers, including $200 million to Blackstone Tactical Opportunities Fund II, said John Kuczwanski, FSBA communications manager, in an e-mail.
The Blackstone Group fund is a multiasset strategy whose allocations could include real assets, corporate debt and equities.
The FSBA, which oversees $175.6 billion in total assets, committed a total of $375 million to private equity. It committed $150 million to Ardian Secondary Fund VII; $125 million to TrueBridge-Kauffman Fellows Endowment Fund IV, managed by TrueBridge Capital Partners; and $50 million each to Accel-KKR Capital Partners V and American Industrial Partners Capital Fund VI.
In energy investments, the board committed $100 million to GSO Energy Select Opportunities Fund, managed by GSO Capital Partners; and $50 million to Chambers Energy Capital III.
In real estate, it committed €50 million ($55 million) to Tristan European Property Investors Special Opportunities 4, managed by Tristan Capital Partners.
In addition, the board committed $85.2 million to SASOF III, a special situations fund managed by Apollo Aviation Group
Cambridge Associates, FSBA alternatives investment consultant, assisted in all the searches except for the real estate search, which was assisted by Townsend Group, FSBA's real estate consultant.
