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Florida board invests $85m during the second quarter 2016

by Andrea Waitrovich

The $180.5 billion State Board of Administration of Florida – Florida Retirement System made several commitments during the second quarter 2016.

For its real estate portfolio, the pension fund invested $25 million in Blackrock Europe Property IV, managed by BlackRock. The fund is focused on value-added/opportunistic investments in the United Kingdom, France, Germany, Poland, the Nordics, as well as Spain and Italy (over time), with target equity commitments of up to €1 billion ($1.3 million).

And for its private equity portfolio, SBAF committed $60 million to Post Oak Energy Partners III, managed by Post Oak Energy Capital. Post Oak Energy Partners III closed in May 2016 with $600 million. The fund pursues the same strategy as the first two funds (Post Oak Energy Partners and Post Oak Energy Partners II) with equity investments in North American oil and gas companies, oilfield services, and related infrastructure.

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