Seattle City ERS Allocates $20M to Real Estate

The Seattle City Employees’ Retirement System (SCERS) has committed $20M to Sculptor Real Estate Fund V, an opportunistic, sector-diversified real estate fund focused primarily on US properties. The commitment was approved during SCERS’s September 26 board meeting.

This allocation builds on a previous $17.5M commitment to Sculptor Real Estate Fund IV, reflecting SCERS’s continued confidence in Sculptor's non-core real estate strategy. NEPC, the system's consultant, supported the investment, having placed Sculptor V on their “focused placement list,” designating it as a preferred strategy.

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