Seattle City Employees Retirement System is seeking information on PIPE funds, with the aim of investing roughly $15 million, said Mel Robertson, CIO of the $1.9 billion fund. Fund officials would like to see a one- to two-page executive summary, along with a report showing performance numbers and deal flow in present and prior portfolios, Mr. Robertson said. PIPE managers traveling to the Seattle area can schedule an informal presentation with Mr. Robertson by contacting him via e-mail at [email protected]
Additionally, the system is seeking information about in-state biofuel investment opportunities, Mr. Robertson said. Fund officials are considering committing $10 million to $15 million, depending on the type of investment and its structure, Mr. Robertson said. He can also be contacted via e-mail about this search.
There are no deadlines for the searches, Mr. Robertson said. The current alternatives allocation is 10%.
The system also committed $3 million to the Magna Highlight Offshore Fund, Mr. Robertson said.