Florida SBA Discloses Q1 2023 Commitments

The Florida State Board of Administration has disclosed twelve investments totaling up to approximately $1.8 billion in the first quarter of 2023, according to a recently released new manager report.

$300 million was committed to Loomis Core Plus Fixed Income, and $300 million was also committed to Manulife Core Plus Fixed Income. 

In Private Equity, $100 million was committed to growth equity fund, TowerBrook Investors VI, managed by TowerBrook Capital Partners. $75 million was committed to the buyout fund, Accel-KKR Capital Partners VII. $100 million was committed to the venture capital fund, TrueBridge Capital FSA III. $20 million was committed to the venture capital fund, SVB Capital Partners VI. $50 million was committed to the buyout fund, Juniper Capital IV. Lastly, €132 million was committed to the buyout fund, Waterland Private Equity Fund IX. 

Within Private Credit, $200 million was allocated to Sprott Private Resource Lending III, managed by Sprott Asset Management. $200 million was allocated to H.I.G. Whitehorse FSBA, managed by H.I.G. Capital. $150 million was  allocated to Blackstone Green Private Credit Fund III, managed by Blackstone.

Lastly, real estate fund Cerberus Institutional Real Estate Partners VI received a $150 million commitment.

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