Institution: Santa Barbara County Employees’ Retirement System
Headquarters: Santa Barbara, US
AUM: $3.15 billion
Allocation to alternatives: 26.44%
Santa Barbara County Employees’ Retirement System approved a $20 million commitment to Deerpath Capital V, as mentioned during its July 2020 retirement board meeting.
The fund focuses on senior direct lending in low to mid-markets in the US. According to retirement board documents, it is expected to hold its final close in the last quarter of 2020.
As illustrated below, the pension’s recent private debt commitments have employed senior debt strategies in North America. It currently allocates 26.44 percent of its full investment portfolio to alternatives.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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