SBCERS renews with RVK as investment consultant

The US public pension has extended its relationship with its general investment consultant.

Institution: Santa Barbara County Employees’ Retirement System
Headquarters: Santa Barbara, United States
AUM: $3.79 billion
Allocation to alternatives: 25.65%

Santa Barbara County Employees’ Retirement System has approved RVK as its general investment consultant at its May 2021 retirement board meeting, a contact at the pension informed Private Debt Investor.

The pension decided to forego a full RFP search process and initiate a contract review and renewal with the investment consultant. The current contract expires June 2021 and the renewal is for an additional five-year term.

As illustrated below, SBCERS currently allocates 1.91 percent of its investment portfolio to private debt. The pension’s chief executive officer is Greg Levin.

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