TLDR:
- SBCERS announced two private equity fund commitments in its recent board meeting.
- The pension fund committed $20 million to the private equity asset class.
SBCERS, the Santa Barbara County Employees’ Retirement System, revealed its decision to allocate $20 million to private equity in its most recent board meeting. This move marks the fund’s continued interest in diversifying its portfolio and seeking strong returns in alternative investments. The commitments to two private equity funds signify the pension fund’s strategic approach to investing in high-growth opportunities within the private markets.
