Florida State Board of Administration (SBAF)

Overview

The Florida State Board of Administration (SBAF) is an institutional investor responsible for managing the public funds of Florida, including the Florida Retirement System (FRS) Pension Plan, the Florida Retirement System Investment Plan, and other state funds. SBAF's investment portfolio is diversified across various asset classes, including real estate, private equity, fixed income, commodities, hedge funds, infrastructure, venture capital, and more. The organization employs a strategic approach to asset allocation, aiming to achieve optimal risk-adjusted returns for the beneficiaries of Florida's public funds. SBAF's real estate investments encompass a wide range of property types and geographic locations, reflecting its commitment to diversification and long-term value creation. The organization actively manages its real estate portfolio, engaging in both direct investments and partnerships with experienced real estate operators. This approach allows SBAF to leverage external expertise while maintaining oversight and control over its investments. In addition to its real estate holdings, SBAF's private equity investments span various industries, including energy, healthcare, technology, and more. The organization focuses on investments that align with its long-term objectives and contribute to the economic development of Florida. Through its diversified investment strategy, SBAF aims to provide stable and sustainable returns to support the financial security of Florida's public employees and retirees.

Investment Focus

• Focus on diversified asset classes
• Preference for long-term value creation
• Alignment with Florida's economic development objectives

Portfolio Companies