---
title: Santa Barbara Commits $20M to Direct Lending Fund
description: Santa Barbara Commits $20M to Direct Lending Fund.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/jake-grella-Gv9XaOPJNWg-unsplash.jpg
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# Santa Barbara Commits $20M to Direct Lending Fund

**Written by: ** Koncheng Moua, Director of Data Management and Strategy 

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The Santa Barbara County Employees’ Retirement System (SBCERS) has committed $20 million to Angelo Gordon Direct Lending Fund Evergreen, according to meeting minutes from the June 22 board meeting. 

SBCERS previously committed $25 million to AG Direct Lending Fund III in 2018 and $20 million to AG Direct Lending Fund IV in 2020.

The $4 billion Retirement System’s consultant, RVK, assisted with the recommendation.

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 Tags: [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds)

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