Santa Barbara County (Calif.) Employees' Retirement System completed two private equity commitments totaling $20 million.
The $4 billion pension fund in February completed commitments of $10 million each to middle-market buyout fund Gridiron Capital Fund V and global buyout fund Thoma Bravo Fund XV, said Gregory Levin, the pension fund's CEO, in an email.
The pension fund previously committed $10 million to Gridiron Capital Fund IV in 2019 and $10 million to Thoma Bravo Fund XIV in 2021.
As of Feb. 28, the pension fund's actual allocation to private equity was 12.9%; the target is 10%.
