SCERS approves $20m commitment

The US public pension has backed a North America focused fund.

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Institution: Seattle City Employees Retirement System
Headquarters: Seattle, United States
AUM: $2.90bn
Allocation to alternatives: 20.5%
Bitesize: $10-50m

Seattle City Employees Retirement System has announced a commitment of $20 million to Stonepeak Infrastructure Fund IV, a contact at the pension informed Infrastructure Investor.

The $2.90 billion US public pension has a 3.00 percent target allocation to infrastructure that currently stands at 1.20 percent.

As illustrated below, this is SCERS’ first commitment to an infrastructure fund in 2020 since committing to two vehicles with a 2019 vintage: Brookfield Infrastructure Fund IV and Brookfield Infrastructure Fund IV.

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