Institution: Santa Barbara County Employees’ Retirement System
Headquarters: Goleta, United States
AUM: $3.3 billion
Allocation to alternatives: 27.13%
The fund focuses on senior direct lending in middle and lower-middle markets in the US. According to retirement board documents, it is expected to hold its final close in the first quarter of 2021.
As illustrated below, the pension’s recent private debt commitments have been to senior debt funds targeting investments in North America. SBCERS currently allocates 27.13 percent of its full investment portfolio to alternatives.
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