# Florida State Board of Administration

Florida State Board of Administration is a Pension Fund based in Tallahassee, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Tallahassee, United States
- **Region:** North America
- **Address:** Tallahassee, FL, United States
- **Founded:** 1943
- **Assets under management:** 205799 (Altss estimate)
- **Website:** sbafla.com
- **LinkedIn:** https://www.linkedin.com/company/florida-state-board-of-administration

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Chris Spencer — Executive Director and Chief Investment Officer
- Lamar Taylor — Chief Investment Officer

## 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.

### 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.

## Related profiles

- [Pacific Private Fund Advisors](https://altss.com/profile/pacific-private-fund-advisors)
- [Washington State Investment Board](https://altss.com/profile/washington-state-investment-board)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/florida-state-board-of-administration

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology