SB
State Board of Administration
Pension fund · Founded 1943 · Tallahassee, United States
Who State Board of Administration is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
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.
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.
The funds State Board of Administration backs.
State Board of Administration is a limited partner in 210 funds. 8 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How State Board of Administration’s fund book is spread.
The 210 funds State Board of Administration backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 209 of 210 with a location on record.
- North America 15675%
- Europe 4120%
- Rest of world 126%
United States 155 · United Kingdom 28 · India 3 · Sweden 3
How established those managers are
Managers grouped by how many funds they have raised. 69 emerging (three funds or fewer), 84 established — across the 153 of 210 with a fund history on record.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to State Board of Administration by combined power-law score — North America first, then the nearest worldwide.