Florida State Board of Administration Overview

General Information

The State Board of Administration of Florida (SBA) is Florida's principal independent investment management organization, established by the Florida Constitution in 1943. It is responsible for investing, managing, and safeguarding the assets of the Florida Retirement System (FRS) Trust Fund and other state funds, such as the FRS Pension Plan and the Florida Hurricane Catastrophe Fund. With over $200 billion in assets under management, the SBA ranks among the largest institutional investors worldwide.