FSBA To Award $250M Mandate

Florida State Board of Administration, Tallahassee, is seeking to appoint private equity fund managers.

Florida State Board of Administration (FSBA), Tallahassee, is seeking to appoint private equity fund managers, Pensions & Investments reports. The new candidates will be responsible for managing a new $250 million allocation to the Florida Growth Fund, FSBA’s in-state investment initiative.

Hamilton Lane, which runs the fund for the $149.2 billion board, is conducting the search. Additionally, Hamilton Lane is seeking to invest the fund assets in companies with major operations in the state. No RFP will be issued for the mandate.

Click here for the story from Pensions & Investments.

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