Seattle City approves $15m commitment

The US public pension has backed a North America-focused fund.

Seattle City Employees Retirement System has approved a $15 million commitment to Carlyle Realty Partners VIII, an opportunistic fund.

The $3 billion US public pension has a 12 percent target allocation to real estate that currently stands at 11 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.