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Santa Barbara County Employees' Retirement System
The Santa Barbara County Employees' Retirement System was founded in 1944 to deliver pension and health benefits to county workers. Gregory Levin serves as...
Santa Barbara County Employees' Retirement System
The Santa Barbara County Employees' Retirement System was founded in 1944 to deliver pension and health benefits to county workers. Gregory Levin serves as administrator and CEO while Rebecca Valdez holds the chief investment officer role. SBCERS deploys capital across private equity, real estate and infrastructure. Confirmed holdings include commitments to Kayne Anderson Real Estate Partners VII, Stonepeak Real Estate Partners, Hillwood US Industrial Club VII and Sterling Group Partners VI. Additional positions cover Bridgepoint Development Capital V, Platinum Equity Capital Partners VII and KKR Global Infrastructure Investors funds. Allocations span North America and Europe with a 10 percent target to real assets. The fund reported a total net position of $4.5 billion as of June 30, 2024. It maintains a single headquarters in Goleta and participates in SACRS and CALAPRS networks. May 2024 board meetings addressed private equity pacing and real estate performance. Hamilton Lane has served as specialty consultant since 2006 and RVK as general investment advisor since 2016. SBCERS operates under a board of retirement structure with elected and ex-officio members. Investment decisions follow an external manager model supplemented by direct fund commitments rather than internal deal origination.
General information
Firm type
Pension Fund
Year founded
1944
Location
Region
North America
Country
United States
City
Santa Barbara
Corporate office
130 Robin Hill Road, Suite 100, Goleta, CA 93117, United States
Principals
Gregory Levin
CEO
Rebecca Valdez
CIO
Michael Daly
Chair
Harry Hagen
Vice Chair
Dustin Dodgin
Secretary
Sector focus
Frequently asked questions
Who runs investment decisions at Santa Barbara County Employees' Retirement System?
Rebecca Valdez serves as CIO. The board of retirement, chaired by Michael Daly, approves commitments. External consultants Hamilton Lane and RVK provide recommendations.
Does Santa Barbara County Employees' Retirement System participate in fund commitments or only direct deals?
The fund invests primarily through limited partnership commitments to private equity, real estate and infrastructure vehicles. No direct deal program is disclosed.
What investment stages does Santa Barbara County Employees' Retirement System typically target?
SBCERS targets buyout, growth, secondaries and co-investment strategies through its fund commitments. Holdings include both established and value-add real estate vehicles.
Which sectors does Santa Barbara County Employees' Retirement System explicitly avoid?
No explicit avoidance list appears in available records. Allocations remain diversified across industrials, financial services, healthcare and natural resources.
How is Santa Barbara County Employees' Retirement System related to SACRS?
SBCERS maintains active membership in the State Association of County Retirement Systems. It attended the SACRS Spring Conference in Santa Barbara in May 2024.
Where does the underlying wealth come from?
Assets derive from contributions by Santa Barbara County employees, retirees and the county employer. The fund holds these assets in trust for benefit payments.
What is Santa Barbara County Employees' Retirement System's known posture on co-investments alongside external GPs?
The fund lists co-investment as an approved strategy. Specific co-investment activity alongside GPs is not detailed in current records.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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