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The Florida Growth Fund was established in 2009. On behalf of the Florida State Board of Administration, Hamilton Lane actively pursues private equity investment opportunities for the Florida Growth Fund. The Fund has $750 million under management. The fund will make investments into other Private equity funds, as well as invest directly into companies through a co-investment with another institutional investor. While the Fund will target a variety of businesses and industries, examples include: Clean technology or renewable resources, Education, Biotechnology, Pharmaceuticals, Healthcare and healthcare services, Medical and life sciences, Information technology, Media and Telecommunications, Aerospace, and Defense technologies. The fund is managed by Hamilton Lane and makes investments of between $3 million and $15 million in companies with a minimum revenue of $10 million or a minimum EBITDA of $2 million. The State Board of Administration (SBA), consistent with its fiduciary duties, may invest up to 1.5 percent of the net assets of the Florida Retirement System Pension Plan Trust Fund.
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