News & Analysis

Florida commits $350m to credit in the first quarter

The Florida State Board of Administration’s $6.4bn strategic investments portfolio - which includes commitments to private debt funds - had generated a 15.8% one year return as of 31 January, according to board documents.

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The Florida State Board of Administration committed $350 million to credit funds in the first quarter, according to an investment summary provided by the institution.

Florida committed $150 million to Bayview Opportunity Fund IIIB, which targets mostly distressed real estate debt, and $200 million to Levine Leichtman Capital Partners V, which is targeting $1.5