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Investment Management Services
Investment Management Services Contact: ProspectiveManager@sbafla.com
Fund Information Submission to the SBA

Thank you for your interest in providing investment services to the State Board of Administration of Florida.

With more than $200B in assets under management, due diligence in manager selection is a critical, expensive and time-consuming process. The SBA evaluates submissions from existing and prospective Investment Managers on an on-going basis in the context of its needs. In making such evaluations, the SBA is subject to the requirements of Section 215.47(10), Florida Statutes, which requires all investment decisions to be made pursuant to the fiduciary standard of care prescribed in ERISA Section 404(a)(1)(A) through (C), and further requires all such decisions to be based on the “pecuniary factors” standard set forth in Section 215.47(10)(a) and (b), Florida Statutes, which specifically provides that such pecuniary factors do not include the consideration of the furtherance of social, political or ideological interests. Pursuant to these requirements, the SBA invests to obtain the best risk adjusted return for its beneficiaries. The SBA is a long-term investor, and as such, we pursue long-term value creation, which we believe is enhanced by creative and disciplined managers. In public market equities, we value strong returns from well run companies and will support corporate governance that promotes long-term shareowner value.

Small and Specialized Manager Submissions

It has been the experience of the SBA, and research has confirmed, small and specialized managers perform better than asset aggregators. The SBA welcomes submissions from small and specialized managers. The SBA generally defines a small manager to be one with fund sizes under $1 billion and total AUM under $3 billion, and a specialist manager to be one that invests primarily in a small handful of specific sectors, such as consumer/retail, health care, financial services, etc. Managers falling within the above definitions, please go to the Small and Specialized Investment Manager Form to submit fund information directly to the State Board of Administration.

All Others Managers

Please go to the Prospective Invesmnent Manager Form to submit fund information directly to the State Board of Administration.

  • Submitting the Investment Manager Information Form and other documents does not create an obligation on the part of the SBA to respond to a submission, select an Investment Manager or enter into an agreement with a firm.
Fund Information Submission to SBA Consultants

We encourage those interested in providing investment management services to the State Board of Administration, to also submit fund information to the SBA’s asset class consultants for the following asset classes: Global Equity, Fixed Income, Private Equity and Strategic Investments. This may provide greater access to a larger audience of investors for your firm. Please follow the instructions below based on the investment strategy, all others should submit directly to the SBA.

  • Submitting the Investment Manager Information Form and other documents does not create an obligation on the part of the SBA to respond to a submission, select an Investment Manager or enter into an agreement with a firm.
  1. Review the SBA Disclosure of the Use of Placement Agents policy document
  2. Submit information to the relevant consultant(s):