Florida State Board of Administration (FSBA), Tallahassee, is seeking to appoint managers to run up to $6 billion in private equity, hedge funds, real estate, commodities and infrastructure, Pensions & Investments reports. In hedge funds, the board is seeking equity-oriented managers to run about $800 million, while in private equity it will appoint venture capital and other private equity firms to manage $2.5 billion over the next three years.
In real estate, FSBA is looking to invest a combined $1 billion over the next one to two years in funds and direct-owned property. Investment consultant Cambridge Associates, private equity consultant Hamilton Lane, infrastructure consultant Mercer and real estate consultant Townsend Group are assisting in the search.
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