Seattle City Employees' Retirement System will look for managers of...

Seattle City Employees' Retirement System will look for managers of mezzanine debt and mezzanine-type products, with the aim of investing $10 million or more, said Mel Robertson, assistant executive director for the $1.5 billion pension fund. Fund officials are interested in funds that pay out at least a 12% current dividend. Fund officials would like to see a one- to two-page executive summary and a report showing deal flow, Mr. Robertson said. The open-ended search has no deadline and is part of the fund's planned increase in alternative investments.