Seattle City ERS Commits $17.5M to Infrastructure; Approves Fixed Income Allocation

Seattle City Employees’ Retirement System disclosed a $17.5 million commitment to Global Infrastructure Partners V, according to minutes from the December 14th Board meeting.

Additionally, $180 million was approved to be allocated to a long term fixed income account manager by Russell Investments. This is due to the addition of the long-term fixed income asset class in the recently approved updated Investment Policy.

Effective January 1, 2024, the pension fund’s revised investment policy has allocation targets of 46% to public equity, 11% to private equity, 14% to core fixed income, 5% to long-term fixed income, 7% to credit fixed income, 12% to real estate, and 5% to infrastructure.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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