Infrastructure - JULY 14, 2017

City of Seattle commits $15m to infrastructure fund

by Jody Barhanovich

The $2.6 billion Seattle City Employees’ Retirement System has committed $15 million to Stonepeak Infrastructure Fund III, according to board of administration minutes.

Stonepeak Infrastructure Fund III, managed by Stonepeak Infrastructure Partners, launched in May with a $5 billion fundraising target.

The pension fund previously committed $8 million to the fund’s predecessor, Stonepeak Infrastructure Fund II, in 2015. It was the first infrastructure commitment for the pension fund following the creation of a 3 percent target to the asset class.

Previous commitments to infrastructure funds include $12 million to Global Infrastructure Partners III and $15 million to Brookfield Infrastructure Fund III.


Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy