Seattle City ERS Commits $17.5M to Infrastructure; Approves Fixed Income Allocation
Written by: Helen Bascom, Marketing Associate
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.
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