SBCERS approves $60m in commitments

The US public pension is on course to achieve its private equity commitment target for 2021.

Institution: Santa Barbara County Employees’ Retirement System
Headquarters: Goleta, US
AUM: $3.91 billion
Allocation to alternatives: 28.75%

The Santa Barbara County Employees’ Retirement System has committed $60 million across five private equity vehicles, according to the pension’s quarterly investment reports.

The commitments comprise $15 million each to Melody Communications Infrastructure Fund II and Sustainable Asset Fund III, along with $10 million each to Hellman & Friedman Capital Partners XMidOcean Partners VI and STG Allegro-A.

SBCERS is on course to achieve its targeted commitments of $75 million to $85 million as part of its strategic plan to achieve a private equity allocation of 10 percent. The pension’s pacing plan was previously reported by affiliate publication Private Equity International.

As illustrated below, the pension’s recent commitments have been made to buyout funds targeting investments in North America, Asia-Pacific and Europe.

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