Florida Reaches Torrid $6 Billion Commitment Pace

System: Florida State Board of Administration

Assets Managed: $153 Billion (Oct. 31, 2012)

PE Assets Managed (Main Pension): $6.5 Billion

PE Allocation Target (Main Pension): 5.1% (5.0%)

Chief Investment Officer: Ash Williams

The pace of new private equity and alternative investments at the Florida State Board of Administration is likely to reach about $6 billion in fiscal 2012-2013, as Florida’s primary $126 billion pension fund gradually ramps up its allocations to so-called strategic investments from zero to 11 percent of the portfolio, according to John Kuczwanski, an SBA spokesman.

Florida last year received expanded authority from the state legislature to significantly boost its allocations to strategic investments and modestly increase commitments to private equity. Overall, the Florida SBA oversees $153 billion in state pension and emergency money as of ...

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