Investment Group of Santa Barbara

Investment Group of Santa Barbara (IGSB) is a private investment firm based in Santa Barbara, California, that deploys its partners' own capital into a concentrated portfolio of high-quality public and private companies, often taking a strategic, business-building role. Operating for over 54 years, the firm emphasizes significant strategic involvement in its portfolio, having grown initial seed capital from $75,000 to millions in its early stages. IGSB exclusively invests its partners' capital, avoiding outside institutional money. Notable portfolio companies include AppFolio, in which IGSB invested from private rounds through its IPO, and Tegus, where IGSB operating partner Bob Casey serves as CFO. The firm was formally established in 2005 by Reece Duca, building upon the foundation of the precursor Montecito Fund, which was seeded in 1968.