The Santa Barbara County Employees’ Retirement System (SBCERS) provides retirement benefits to employees of Santa Barbara County, California. With approximately $4.5 billion in total assets, SBCERS operates under California’s 1937 Act.
Investment Strategy
SBCERS maintains a diversified portfolio across public equities, fixed income, private equity, real estate, and other alternatives. The Board sets allocation targets informed by actuarial studies.
The alternatives program includes private equity investments through buyout and growth funds, and real estate through diversified vehicles. SBCERS has built its alternatives exposure to enhance long-term returns while managing liquidity needs.
How to Approach
Fund managers should contact SBCERS in Santa Barbara or their consultant. The fund evaluates managers on track record, team stability, and fee structure. GPs should provide a concise fund overview and documented performance history.
Frequently Asked Questions
What is SBCERS's alternatives allocation?
SBCERS allocates approximately 14% of its $4.5 billion portfolio to alternatives including private equity and real estate, representing roughly $630 million in alternatives exposure.
How does SBCERS invest in private equity?
SBCERS invests in private equity through commingled funds across buyout and growth strategies. Commitment sizes typically range from $15 million to $40 million per fund.
How can GPs approach SBCERS?
GPs should contact SBCERS in Santa Barbara or their investment consultant. The fund evaluates managers based on track record, team quality, and fee competitiveness. The Board approves all new manager commitments.
