SBCERS to commit up to $85m in 2020

The US public pension seeks to maintain its private equity target allocation.

Institution: Santa Barbara County Employees’ Retirement System
Headquarters: Santa Barbara, United States
AUM: $2.94bn
Allocation to alternatives: 37.10%
Bitesize: $10-50m

Santa Barbara County Employees’ Retirement System intends to commit between $75 and $85 million to private equity in order maintain its target allocation of 10.0 percent, according to the institution’s February 2020 Retirement Board meeting document. The public pension is also aiming to make commitments to distressed debt and small/mid buyout vehicles, whilst increasing exposure to European funds.

The $2.94 billion US public pension currently allocates 11.3 percent of its investment portfolio to private equity. The pension fund also invests in assets classes such as infrastructure and real estate.

As illustrated below, SBCERS’ recent private equity commitments have comprised of buyouts and debt funds across North America and Europe.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.