Santa Barbara County (Calif.) Employees' Retirement System disclosed three new private real return commitments totaling $45 million.
The $3.7 billion pension fund disclosed commitments of $15 million each to natural resources fund Blackstone Energy Partners IV; Brookfield Infrastructure Fund V, an infrastructure fund managed by Brookfield Asset Management; and Novacap Digital Infrastructure I, an infrastructure fund managed by Novacap Management, in a report from Hamilton Lane included with materials for its Dec. 7 board meeting posted on its website.
Hamilton Lane is the pension fund's discretionary private markets consultant.
SBCERS previously committed $15 million to Blackstone Energy Partners III in 2020 and $15 million to Brookfield Infrastructure Fund IV in 2019. Novacap is a new manager for the pension fund.
As of Sept. 30, the pension fund's actual allocation to real return was 16.3%; the target is 15%.
