Searches and Hires

Santa Barbara County commits to direct lending fund

Santa Barbara County (Calif.) Employees' Retirement System committed $25 million to direct lending fund AG DLI III, Lauren E. Thompson, investment officer, said in an email.

It is the $3 billion pension fund's first commitment to a fund managed by Angelo, Gordon & Co., Ms. Thompson said.

As of July 31, the pension fund's actual allocation to non-core fixed income was 8.7%; the target is 11%.