Key Takeaways
- • The State Board of Administration of Florida (SBA Florida), a Tallahassee-based pension fund manager, committed $110 million to a real estate secondaries fund strategy managed by Ares Management.
- • The commitment is described as a landmark allocation for the SBA's real estate secondaries program, according to the primary source.
- • The article reports the commitment as dated 26 February 2024, which is earlier than the story date of 30 August 2026 and should be read as a historical report.
Summary
The State Board of Administration of Florida (SBA Florida), the Tallahassee-based pension fund manager, has partnered with Ares Management to invest in a real estate secondaries fund strategy, according to PEI Secondaries Investor. The commitment is reported at $110 million and is described as a landmark allocation.
The primary source is brief and provides limited detail beyond the size of the commitment and the strategic focus on real estate secondaries. Secondaries strategies involve acquiring existing fund interests or assets from current investors, and are used by institutional allocators seeking earlier liquidity and exposure to seasoned portfolios.
The article was published on 26 February 2024. Its details should be treated as reflecting that period rather than current developments as of August 2026.
The primary source is brief and provides limited detail beyond the size of the commitment and the strategic focus on real estate secondaries. Secondaries strategies involve acquiring existing fund interests or assets from current investors, and are used by institutional allocators seeking earlier liquidity and exposure to seasoned portfolios.
The article was published on 26 February 2024. Its details should be treated as reflecting that period rather than current developments as of August 2026.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.