LP profile · Pension fund
State Board of Administration
State Board of Administration is a pension fund headquartered in United States (North America). Ranked #218 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The State Board of Administration (SBA) was established in 1929 and later incorporated into the Florida Constitution in 1942.
- It functions as Florida's principal independent investment management organization, governed by a three-member Board of Trustees consisting of the Governor, the Chief Financial Officer, and the Attorney General.
Source of Capital
- The SBA is a governmental entity that primarily manages capital for the Florida Retirement System (FRS) Pension Plan.
- Additional capital sources include other state and local government entities, with funds under management such as the Florida Hurricane Catastrophe Fund, Florida PRIME, and the Lawton Chiles Endowment Fund.
Major Events
- No information available.
Allocation Strategy
- The SBA invests across a diversified range of asset classes, including global equities, fixed income, real estate, and strategic investments.
- A significant portion of its strategy is dedicated to alternatives, with a target allocation of 22% to private equity, strategic investments, and real estate.
- The organization manages over 30 distinct investment mandates on behalf of its beneficiaries.
Sources
- https://www.sbafla.com/fsb/Home/AbouttheSBA/tabid/82/Default.aspx
- https://www.sbafla.com/fsb/Home/AbouttheSBA/OrganizationalStructure/tabid/483/Default.aspx
- https://www.sbafla.com/fsb/Home/AbouttheSBA/FundsManaged/tabid/83/Default.aspx
- https://www.sbafla.com/fsb/Investment/AssetAllocation/tabid/90/Default.aspx
- https://www.snaccooperative.org/view/7334943
- https://oppaga.fl.gov/ProgramSummary/ProgramDetail?programNumber=4040
- https://en.wikipedia.org/wiki/State_Board_of_Administration_of_Florida