Seattle City ERS Commits $30M to Private Credit

The Seattle City Employees’ Retirement System has approved a commitment of up to $30 million to Monarch Capital Partners VI.

According to meeting minutes from the September board meeting, “funding will come from redeeming partially the Ares Institutional Credit Fund, the current placeholder for unallocated private credit”.

The $4 billion Retirement System’s investment consultant, NEPC, assisted with the investment.

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