The Santa Barbara County Employees’ Retirement System disclosed three recent commitments to alternatives totaling $30 million, according to materials from the December 13 Board meeting.
Within real estate, $10 million was committed to Stockbridge Value Fund V and $10 million to NW1 IOS REIT.
In private credit, $10 million was committed to KSL Capital Credit Opportunities Fund IV.
As of September 30, 2023, the $4 billion Retirement System has an actual and target allocation to real estate of 11.5% and 10% respectively. The actual and target allocation to non-core fixed income was 10.4% and 11% respectively.
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