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Technology, Manager Initiative Buffer Florida Pension’s PE Portfolio – The Wall Street Journal


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Technology, Manager Initiative Buffer Florida Pension’s PE Portfolio – The Wall Street Journal

Hefty exposure to technology investments combined with swift action by managers helped lessen the impact of the coronavirus on the private-equity portfolio of Florida’s largest public pension fund, the Florida State Board of Administration, which manages the pension, said in a recent presentation. Nearly 44% of the market value of Florida Retirement System Pension Plan’s…

Hefty exposure to technology investments combined with swift action by managers helped lessen the impact of the coronavirus on the private-equity portfolio of Florida’s largest public pension fund, the Florida State Board of Administration, which manages the pension, said in a recent presentation.

Nearly 44% of the market value of Florida Retirement System Pension Plan’s $12.8 billion private-equity portfolio was either invested, or slated to be invested, in information technology, according to documents prepared by the Florida…

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