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Florida SBA commits $150m

The US public pension has backed a North America-focused fund.

In Q3, Florida State Board of Administration committed $150 million to BlackRock Carbon Capital VI, classified as a strategic investment within SBA's portfolio.

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

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