Seattle City Employees' Retirement System committed up to $25 million to Brookfield Infrastructure Fund IV, managed by Brookfield Asset Management, Chief Investment Officer Jason Malinowski said in an email.
The $2.7 billion pension fund previously committed up to $15 million to Brookfield Infrastructure Fund III in 2016.
As of Dec. 31, the actual allocation to infrastructure was 0.9%; the target is 3%.
