Seattle City Employees' Retirement System has committed up to $25 million Brookfield Infrastructure Fund IV, according to Tony Smith, deputy CIO for Seattle City Employees' Retirement System. The commitment is pending satisfactory legal review.
Brookfield Infrastructure Fund IV is managed by Brookfield Asset Management, an alternative asset manager with $350 billion in assets under management. The fund will invest in diversified infrastructure assets globally. The previous fund in the series, Brookfield Infrastructure Fund III, held a $14 billion final close in 2016.
Brookfield Asset Management focuses on investing in long-life assets across real estate, infrastructure, renewable power and private equity. Its infrastructure business spans from utilities, transport, energy, communications infrastructure and sustainable resources.
As of Dec. 31, 2018, the Seattle City Employees’ Retirement System had a target allocation to infrastructure of 3 percent with an actual allocation of 0.9 percent.
