Santa Barbara County (Calif.) Employees' Retirement System disclosed new private equity, real estate and real-return commitments totaling $60 million.
Hamilton Lane, the $4.5 billion pension fund's discretionary private equity, real estate and real-return consultant, disclosed the commitments in presentations included with materials for its Dec. 11 board meeting.
The commitments, completed between July 10 and Oct. 29, were $10 million each to Asterion Industrial Infra Fund III, an infrastructure fund managed by Asterion Industrial Partners; Grandview III, an opportunistic real estate fund managed by Grandview Partners; venture capital fund Hamilton Lane Venture Access Fund I; ICG Infrastructure Fund II, a core-plus infrastructure fund managed by Intermediate Capital Group; value-added real estate fund Stonepeak Real Estate Partners; and growth equity fund Summit Partners Growth Equity Fund XII.
As of Oct. 31, the pension fund’s actual allocations to real return, private equity and real estate were 14.4%, 12.9% and 10.3%, respectively; their respective targets are 15%, 10% and 10%.
