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The State Board of Administration of Florida (SBA) has committed $150 million to WCP NewCold III, a vehicle of Westport Capital Partners. This commitment was made on Sept. 30, according to SBA’s 2024 Q3 New Managers Report.

WCP NewCold III is a closed-end, opportunistic fund that has $342.4 million in total capital raised. It is focused on warehouse and logistics properties globally and plans to develop a predetermined pipeline of 31 cold storage warehouses.