Florida State Board of Administration
PensionFlorida · as of 2024
AUM
$215B
Held in U.S. securities
$105B
49% of AUM
Return target
6.7%
Asset allocation policy
Target weights set by the board in the plan's Investment Policy Statement.
| Asset class | Target | $ value |
|---|---|---|
| Global equity | 53% | $114B |
| Fixed income | 19% | $41B |
| Real estate | 11% | $24B |
| Private equity | 10% | $22B |
| Strategic investments | 6% | $13B |
| Cash | 1% | $2B |
Holdings overview
Roughly half of public equity managed internally; private markets via external commitments. Strategic Investments bucket holds opportunistic and tactical positions across asset classes.
Board mandates
- Florida Retirement System Pension Plan plus 30+ other state mandates.
- Statutory ban on consideration of "social, political, or ideological" factors in investment decisions (2023 anti-ESG law).
- Recent divestment from BlackRock state-treasury mandate and from China/Russia exposures.
- Trustee body: Governor, CFO, Attorney General.
Source: www.sbafla.com