Seattle City Employees' Retirement System

About Seattle City Employees' Retirement System

Seattle City Employees' Retirement System is a public pension fund with a portfolio worth $4.12 billion as of March 31, 2024. It holds private equity, real estate, infrastructure, publicly traded equities, fixed-income securities, and cash. Returns over the quarter, 1 year, 3 years, 5 years, 7 years, and 10 years were 3.59%, 11.27%, 4.78%, 8.40%, 8.01%, and 7.22%, against benchmark returns of 3.35%, 10.94%, 5.33%, 8.49%, 8.15%, and 7.31%. The private equity portfolio was valued at $533.18 million on March 31, 2024, or 12.9% of the total, up from $530.59 million on December 31, 2023. As of December 31, 2023, private equity returned 4.28% for the quarter, 9.32% for 1 year, 9.24% for 3 years, 18.61% for 5 years, and 18.23% for 7 years, versus benchmark returns of 3.03%, 6.44%, 12.52%, 17.28%, and 17.21%. Strategies include buyouts, co-investment, direct lending, fund of funds, mezzanine, secondaries, and venture capital. The infrastructure portfolio was worth $116.21 million as of March 31, 2024. The executive management team governs the fund's investment, and Mr. Jason Malinowski is Chief Investment Officer. NEPC is the LP Consultant.

Real estate mandate

Contacts at Seattle City Employees' Retirement System