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Florida SBA approves $125m in commitments

The US public pension has backed value added and opportunity funds.

Florida State Board of Administration has committed $75 million to Starwood Global Opportunity Fund XI and $50 million to AEW Senior Housing Invest III.

The $180 billion US public pension has a 10 percent target allocation to real estate that stands currently at 8.3 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.