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

Florida Growth Fund Program Investments: 2025

Report 25-09, December 2025

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Report Summary

• In Fiscal Year 2024-25, the Florida Growth Fund Program made new and additional investments in 15 companies through direct investments and 24 private equity funds; these investments totaled $64.3 million.

• In Fiscal Year 2024-25, the program distributed $130.4 million to the FRS Pension Fund. Since inception, funds within the Florida Growth Fund Program have exceeded investment benchmarks for each fund.

• In Fiscal Year 2024-25, investment managers reported that program investments had a net gain of 1,281 jobs and $94.3 million in capital expenditures in Florida.

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.
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