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Seattle commits $12m to infrastructure

by Zoë Wolff

The $2.4 billion Seattle City Employees’ Retirement System has committed $12 million to Global Infrastructure Partners III, according to recently released meeting documents.

The fund, managed by Global Infrastructure Partners, is seeking to raise $15 billion to invest in large-scale infrastructure assets globally. The fund has received commitments from the Alaska Permanent Fund, the Maine Public Employees Retirement System, the Arkansas Teacher Retirement System, the Washington State Investment Board and the El Paso Firemen & Policemen’s Pension Fund.

The pension fund has a 3 percent target allocation to infrastructure.

 

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