SBCERS makes $20m commitment

The US public pension has backed a private income fund.

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Institution: Santa Barbara County Employees’ Retirement System
Headquarters: Santa Barbara, United States
Total AUM: $2.99bn
Allocation to Alternatives: 17.9%
Bitesize: $10-50m

SBCERS has agreed to commit $20 million to PIMCO Private Income Fund, according to a representative within the organization.

The $2.99 billion public pension currently allocates 17.9% of its funds to alternatives.

As illustrated in the charts below, SBCERS last private debt fund commitment was to a 2018 vintage fund managed by Twin Brook Capital Partners, for $25 million.

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