The Seattle City Employees' Retirement System (SCERS) has greenlighted a $20 million commitment to Stonepeak Opportunities Fund, a spokesperson for the pension fund confirmed in an email.
Stonepeak Opportunities Fund is a closed-end fund investing in middle-market diversified infrastructure deals in North America and Europe. The vehicle has a target size of $2.5 billion.
SCERS has existing investments in Stonepeak’s flagship fund series.
As of Dec. 31, 2022, SCERS had a 2.4 percent allocation to infrastructure, against a 4 percent target.