The Florida State Board of Administration (FSBA), Tallahassee, has committed $225 million to private equity funds, Pensions & Investments reports. The pension scheme contributed $75 million to ABRY Partners VII, $60 million to Berkshire Fund VII, $50 million to Fairview Special Opportunity Fund and $40 million to Montagu Private Equity Fund IV.
The board’s private equity consultant Hamilton Lane assisted in the searches that led to the mandates to the three buyout funds. Cambridge Associates, FSBA’s strategic investment consultant, assisted in the search that led to the appointment of Fairview, a venture capital fund.
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