Florida SBA commits to European PE

The US pension fund has decided to commit $200m to ASF VIII and $250m to Hellman Friedman IX.

ASF VIII is managed by Ardian Investment Switzerland. It is a secondaries fund that was registered as a UK LP in May 2018. Florida SBA has previously committed $150m to ASF VII, which raised $14bn, including $10.8bn in secondaries and $3.2bn in primary investments.

Hellman Friedman IX held a final close on $16bn in October 2018 and will invest in buyouts in Europe and North America, in sectors such as financial and business services, software, internet, digital media, consumer and healthcare. The pension plan also committed to Hellman Friedman VIII, a buyout fund with a geographic preference for western Europe and North America. Hellman Friedman VIII, held a final close on $10.9bn.

The pension scheme has allocated 7% of its portfolio to private equity, and its target allocation for this asset class is 6%.

Private equity has returned 17.89% for the 12 months to July 2018, beating its 14.14% benchmark.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• LPs
• Ardian (formerly Axa PE)
• Hellman & Friedman LLC