Santa Barbara County ERS Commits $40M to Alternatives

The Santa Barbara County Employees’ Retirement has recently approved four commitments to alternatives totaling $40 million.

In private equity, $10 million was committed to Sterling Group Partners VI and $10 million to Bridgepoint Development Capital V. 

In real estate, $10 million was committed to Lubert Adler Workforce Housing Fund II. 

Lastly, in real assets, $10 million was committed to Tiverton Ag Legacy Holdings II. 

As of December 31, 2023, SBCERS was valued at $4.25 billion. 

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.