Florida SBA commits $125m

The $209 billion US state pension asset manager has approved commitments to two energy-focused vehicles.

Florida State Board of Administration (Florida SBA) revealed that it committed a total of $125 million to two infrastructure funds in Q4 2017.

The SBA approved a $65 million commitment to EnCap Flatrock Midstream Fund IV. The $3.25 billion fund will be invested in the midstream sector of the North American energy industry.

The other commitment was $60 million investment in the Post Oak Energy IV, which will pursue equity investments in North American oil and gas companies, oilfield services and related infrastructure projects.

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