Florida pension fund PE returns beat benchmark

Sofia Karadima
16 August 2018

Tweet
Facebook
LinkedIn
Google plus
Send to

Florida State Board of Administration, the $160bn pension fund, generated 17.30% from its investments in private equity, beating its 14.11% benchmark, for the financial year to June 30.

Private equity has driven results for the entire portfolio, which returned 8.98% for the same period, also beating its 8.22% benchmark.

The entire portfolio has returned above its benchmark for the past 20 years. It has returned 7.62% over three years, 8.69% over five years, 6.85% over the last 10 years, and 6.35% for the entire 20-year period.

The public pension fund currently has 7.1% of its portfolio allocated to private equity, above its target allocation of 6%.

Florida State Board of Administration has recently committed $100m to TPG Growth IV, and $100m to Waterland Private Equity Fund VII. Other funds in its portfolio include Carlyle Partners VII and The Rise Fund, according to Unquote Data.

Click here for a full data profile of Florida State Board of Administration on Unquote Data, including comprehensive fund investing preferences and history