The Santa Barbara County (Calif.) Employees’ Retirement System (SBCERS) has committed $10 million to Stockbridge Value Fund (SVF) V, $10 million to KSL Capital Partners Credit Opportunities Fund (KSLCPCO) IV and $10 million to NW1 IOS REIT.
Managed by Stockbridge, SVF V is seeking to raise $750 million and will make investments in a mixture of commercial real estate sectors in North America with a target investment allocation of 35 percent to 45 percent to industrial, 35 percent to 45 percent to multifamily, 10 percent to 20 percent to retail and 0 percent to 10 percent to office.
KSLCPCO IV is managed by KSL Capital Partners and is making investments in directly originated, floating-rate first mortgage and subordinated debt instruments secured by high-quality hospitality and leisure assets, primarily in the United States, with some exposure to international markets such as Mexico, Canada and the Caribbean.
The NW1 IOS REIT is a value-added fund managed by NW1
