Florida SBA Q4 2023 Commitments

The Florida State Board of Administration (SBA) has released a manager report disclosing 10 commitments made in Q4 of 2023.

$1 billion was allocated to a dedicated global equity strategy managed by Morgan Stanley. 

In private equity, $100 million was allocated to Trive Capital V. An additional $200 million was allocated to Chambers Energy Capital Fund V. 

In real estate, $35 million was allocated to Landmark Real Estate IX. An additional $75 million was allocated to Landmark Real Estate Sunshine Co-Investment. $78 million was committed to Alterra IOS Venture III. Alterra is a new manager for the fund.

In private credit, $150 million was allocated to LMCG Serenitas Credit Gamma Fund. LMCG is a new manager for the fund.

Finally, three insurance related strategies were awarded. $75 million was allocated to Renaissance Reinsurance Partners, $123 million was allocated to Aeolus Property Cat Keystone Fund, and $200 million was allocated to Pillar Juniperus Opportunity Funds.

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