Santa Barbara County (Calif.) Employees' Retirement System disclosed new real return and private equity commitments totaling $45 million.
Hamilton Lane, the $4 billion pension fund's discretionary real return and private equity consultant, disclosed the commitments in materials for SBCERS' upcoming Feb. 22 board meeting.
The pension fund committed $15 million to EQT Infrastructure VI, a global infrastructure fund managed by EQT Partners; and $10 million each to venture capital fund NewView Capital Fund III, buyout fund GTCR Fund XIV and STG VII, a buyout fund managed by STG Partners.
SBCERS previously committed $10 million to GTCR Fund XIII in 2020 and $10 million to STG VI in 2021. The other two managers are new for the pension fund.
As of Jan. 31, the pension fund's actual allocations to real return and private equity were 14.1% and 13.8%, respectively; their respective targets are 15% and 10%.