Santa Barbara County (Calif.) Employees' Retirement System (SBCERS) has committed $15 million to Tiger Infrastructure Partners III, a middle-market infrastructure fund focused on the communications, transportation and energy transition sectors in the United States and Europe.
A recent investment report from Hamilton Lane, SBCERS’ discretionary private markets and real return consultant, notes the $1.25 billion fund will target eight to 12 investments with equity commitments between $50 million and $125 million across investments with enterprise values ranging between $50 million and $500 million.
Tiger Infrastructure Partners III seeks to acquire a controlling interest in investments in order to influence the strategic direction of the business, selection of management, capital structure, and timing and method of exit.
Tiger Infrastructure Partners appears to be a new manager for the pension fund.
