Seattle City Employees' Retirement System committed $20 million to Stonepeak Opportunities Fund.
The $3.6 billion pension fund's board approved the commitment to the North American middle-market infrastructure fund at its meeting Thursday, said Jason Malinowski, chief investment officer, in an email.
The pension fund previously committed $20 million to Stonepeak Infrastructure Fund IV in 2020, $15 million to Stonepeak Infrastructure Fund III in 2017 and $8 million to Stonepeak Infrastructure Fund II in 2015.
As of Dec. 31, the pension fund's actual allocation to infrastructure was 2.4%; the target is 4%.
