Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

The Florida Growth Fund Added Investments in 2010, but It Is Still Too Early to Assess Total Economic Impact

Report 10-60, December 2010




Report Summary

As of November 2010, Florida Growth Fund managers had invested $73 million in seven Florida-based technology and growth companies and four private equity funds that invest in such companies. These investments represent 29% of the fund's total $250 million in assets. Although some of these companies report creating jobs, it is too early to assess the total economic benefits to the state provided by these investments.


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Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
growth, technology, Florida Growth Fund, Florida Retirement System, life sciences, investments, Hamilton Lane, due diligence, private equity, co-investments, early-stage capital, start-up, economic benefits,pension funds, management fees