The Seattle Employees’ Retirement System approved two commitments to venture capital and infrastructure funds according to minutes from their January 25, 2024 Investment Committee meeting.
$30 million was allocated to Horsley Bridge Venture 15 (“HB 15”), a venture capital strategy. HB 15 would be SCERS’ second investment with Horsley Bridge Partners.
$20 million was allocated to Stonepeak Infrastructure V LP (“Stonepeak V”), a core-plus strategy focused on North America. SCERS has previously invested in Stonepeak Infrastructure Partners with this being their fifth fund investment.
Investment consultant, NEPC supported both recommendations.
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