As of June 30, 2022, the program had made 143 investments totaling $902.8 million in 75 technology and growth companies and 68 private equity funds with a Florida presence. This includes new investments in 17 technology and growth companies and 21 private equity funds totaling $55.9 million made in Fiscal Year 2021-22. The majority of direct investments made since inception are largely concentrated in five Florida counties located in Central and South Florida.

From fund inception through June 30, 2022, the program distributed $830.7 million to the Florida Retirement System Pension Fund. During Fiscal Year 2021-22, the amount distributed was $168.3 million. Since inception, funds within the Florida Growth Fund Program have generally met or exceeded benchmarks set for each fund.

Florida Growth Fund Program’s investments resulted in economic benefits. As of June 30, 2022, investment managers reported that companies currently receiving investments and exited investments created 5,480 jobs and made $974.4 million in capital expenditures.

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.