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Office of Program Policy Analysis and Government Accountability

SBA Has Implemented the Florida Growth Fund; Economic Impact of Investments May Not Be Apparent for Several Years, Report No. 09-45, December 2009
 
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  • The State Board of Administration has implemented its authority to invest in Florida-based technology and growth companies and businesses that have a significant presence in the state. In June 2009, the board created the $250 million Florida Growth Fund and selected Hamilton Lane to manage fund investments.
  • As of December 2009, Florida Growth Fund managers had invested $26.5 million in two technology and growth companies and one private equity fund that invest in such companies. It is too early to assess the economic benefits of these investments, which may not be realized for several years.

Which Government Program Summaries contain related information?

State Board of Administration of Florida

What other OPPAGA-related materials are available?

  • Report No. 14-11 Florida Growth Fund Investments Continue to Add Jobs and Provide Distributions to the FRS,published in December 2014.
  • Report No. 13-11 Florida Growth Fund Investments Add Jobs and Result in Distributions to the Retirement Fund,published in December 2013.
  • Report No. 13-05 FRS Pension Plan Investment Returns Are Similar to Those of Other States; SBA Is Increasing Alternative Investments,published in February 2013.
  • Report No. 13-01 Florida Growth Fund Investments Have Increased and Recipients Report Employment Growth and Expanded Business Activities,published in January 2013.
  • Report No. 11-26 Florida Growth Fund Investments Increase; Additional Data Needed to Estimate Economic Benefit,published in December 2011.
  • Report No. 11-10 Compared to Other States, the Pension Plan Is Better Funded, Incurs Lower Investment Fees, and Has Fewer Trustees; Investment Returns Are Average,published in February 2011.
  • Report No. 10-60 The Florida Growth Fund Added Investments in 2010, but It Is Still Too Early to Assess Total Economic Impact,published in December 2010.
  • Report No. 08-72 Economically Targeted Investment Program Under Development,published in December 2008.

Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
e-mail address: oppaga@oppaga.fl.gov


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