Santa Barbara County (Calif.) Employees' Retirement System rehired Hamilton Lane as discretionary private equity consultant, Assistant CEO Lauren E. Thompson said in an email.
The $3.6 billion pension fund issued an RFP in July because it had not put the services up for bid since 2007, Ms. Thompson said at the time.
Hamilton Lane was the sole finalist.
As of Dec. 31, the actual allocation to private equity was 10.3%; the target is 10%.
