The $2.4 billion Seattle City Employees’ Retirement System has committed $15 million to Brookfield Infrastructure Fund III, according to recent meeting documents.
The fund, managed by Brookfield Asset Management, is targeting $12 billion. The fund has recently received investments from the Maine Public Employees Retirement System and the School Teachers Pension & Retirement Fund of Chicago.
Brookfield Infrastructure Partners II, the fund’s predecessor, held a final close of $7 billion in October 2013. The fund invests in North American infrastructure.
While this is the pension fund’s first commitment to a Brookfield infrastructure fund, SCERS committed $15 million to Brookfield Strategic Real Estate Partners in October 2015.
The pension fund has a 3 percent target allocation to infrastructure.