As of October 28, 2011, the Florida Growth Fund had invested $176.5 million in 15 technology and growth companies and 11 private equity funds. Altogether, these investments have had a net internal rate of return of 23% since the fund's inception; the state would have to sell all or part of an investment that has increased in value to realize an actual return. Based on the fund's performance, the prospects for future investment opportunities, and an independent review of the fund manager, the SBA has authorized the investment of an additional $250 million.
As of January 2011, eight of the technology and growth companies reported that they had created 451 jobs since the fund's inception. However, additional information is needed to conduct a comprehensive analysis of the investments' direct and indirect economic benefits. This data includes average employee wages, revenues, and capital investments. The fund manager will attempt to collect this data for use in future reports.

Florida Growth Fund Investments Have Provided Over $300 Million in Distributions to the FRS; Fund Managers Continue to Seek New Investment Opportunities
Report 18-02 January 2018
Florida Growth Fund Investments Have Provided Over $200 Million in Distributions to the FRS; Fund Managers Continue to Seek New Investment Opportunities
Report 16-08 December 2016
Florida Growth Fund Expands and Diversifies Investments
Report 15-14 December 2015
Florida Growth Fund Investments Continue to Add Jobs and Provide Distributions to the FRS
Report 14-11 December 2014

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.