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Florida State Board of Administration
The State Board of Administration of Florida (SBA) was established by the Florida Constitution in 1943. It invests manages and safeguards assets of the Florida...
Florida State Board of Administration
The State Board of Administration of Florida (SBA) was established by the Florida Constitution in 1943. It invests manages and safeguards assets of the Florida Retirement System Trust Fund and other state funds such as the FRS Pension Plan and the Florida Hurricane Catastrophe Fund. The SBA holds over $200 billion in assets under management and ranks among the largest institutional investors worldwide.
General information
Firm type
Pension Fund
Year founded
1943
Location
Region
North America
Country
United States
City
Tallahassee
Corporate office
Tallahassee, FL, United States
Principals
Chris Spencer
Executive Director and Chief Investment Officer
Lamar Taylor
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Florida State Board of Administration?
Chris Spencer serves as Executive Director and Chief Investment Officer. Lamar Taylor serves as Chief Investment Officer. Investment policy is set by a board of trustees comprising the Governor, Chief Financial Officer and Attorney General.
Does Florida State Board of Administration participate in fund commitments or only direct deals?
The board executes both fund commitments and direct investments. Examples include limited partner positions in Thoma Bravo Fund XVI and direct real estate holdings such as Modera Marmalade.
What asset classes does Florida State Board of Administration target?
Allocations include public equities, private equity at a 9 percent current weight with 10 percent target, and real estate through core and value-add strategies. Infrastructure exposure appears via data center and industrial outdoor storage funds.
Where does Florida State Board of Administration invest geographically?
Primary exposure is in the United States with additional commitments in Asia-Pacific and Latin America through funds such as ISQ Growth Markets Infrastructure Fund II and MBK Partners Fund VI.
How is Florida State Board of Administration related to state government?
The board was created by the Florida Constitution in 1943. Its trustees are the sitting Governor, Chief Financial Officer and Attorney General, providing direct elected oversight of investment policy.
Does Florida State Board of Administration maintain separate vehicles for specific mandates?
Yes. It oversees the Florida Hurricane Catastrophe Fund established in 1993 for reinsurance to property insurers and Florida PRIME, a local government surplus funds pool valued at 25500000000 dollars.
What investment stages or strategies does Florida State Board of Administration use in private markets?
The board pursues buyout, growth, co-investment and secondaries strategies. It also holds positions in venture and special situations through fund commitments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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