Seattle City Employees’ Retirement System committed $12 million to Global Infrastructure Partners III, the $2 billion pension fund’s third overall commitment to the asset class, recently released board meeting minutes said.
The commitment is the latest for the pension fund after it issued an RFP in May 2015 for infrastructure managers following the creation of a new 3% target to the asset class.
At the time, the pension fund said it planned to make a total of $50 million to $70 million in commitments. The pension fund committed $8 million to Stonepeak Infrastructure Partners II in December and $15 million to Brookfield Infrastructure Fund III in March.
Jason Malinowski, chief investment officer, and Tony Smith, deputy chief investment officer, were not available to provide further information by press time.