Santa Barbara County Employees Retirement System

About Santa Barbara County Employees Retirement System

Santa Barbara County Employees Retirement System is a public pension fund whose portfolio was valued at $4.42 billion as of June 30, 2024. It holds domestic and international equity, infrastructure, natural resources, fixed income, private equity, real estate, and cash. Returns for the quarter, 1 year, 3 years, 5 years, 7 years, and 10 years were 1.70%, 8.73%, 5.30%, 7.87%, 7.84%, and 6.67%, against benchmark returns of 2.13%, 11.01%, 4.68%, 7.76%, 7.69%, and 6.82% respectively. On June 30, 2024, the private equity portfolio stood at over $585.97 million, or 13.3% of the total portfolio, up from $570.54 million on September 30, 2023. Private equity returns as of June 30, 2024 for the quarter, 1 year, 3 years, 5 years, 7 years and 10 years were 1.97%, 4.98%, 10.27%, 15.65%, 15.37% and 14.17%, versus benchmark returns of 10.84%, 33.17%, 13.07%, 17.77%, 16.85%, and 15.70%, respectively. The private equity strategies are buyouts, fund of funds, distressed debt, mezzanine, secondaries, and venture capital funds, diversified across geographies worldwide. The board of retirement governs the fund's investments, and Mr. Steve Lavagnino is its Chairman. Hamilton Lane, ORG Portfolio Management, and RVK act as LP Consultants.

Real estate mandate

Contacts at Santa Barbara County Employees Retirement System