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Seattle City Employees slates $15 million for infrastructure fund

Seattle City Employees' Retirement System committed $15 million to Stonepeak Infrastructure Fund III, managed by Stonepeak Infrastructure Partners, said recently released board of administration minutes.

The $2.6 billion pension fund previously committed $8 million to Stonepeak Infrastructure Fund II in 2015, which was the first infrastructure commitment for the pension fund following the creation of a 3% target to the asset class.

As of March 31, the actual allocation was 0.3%.

Jason Malinowski, chief investment officer, and Anthony Smith, deputy CIO, could not be immediately reached to provide further information.