Seattle City Employees' Retirement System committed $15 million to Carlyle Realty Partners VIII, an opportunistic real estate fund managed by Carlyle Group, said Jason Malinowski, chief investment officer, in an email.
The $2.6 billion pension fund previously committed $15 million to Carlyle Realty Fund IV in 2005.
As of June 30, the pension fund's allocation to real estate was 11%; the target is 12%.