SCERS approves $15m commitment

The US public pension has backed an Asia focused fund.

Institution: Seattle City Employees Retirement System
Headquarters: Seattle, United States
AUM: $2.9bn
Allocation to alternatives: 18.20%

The Seattle City Employees Retirement System announced a commitment of $15 million to AG Asia Realty Fund IV. The fund focuses on opportunity strategy in Asia.

As illustrated in the charts below, the $2.9 billion US public pension has a 12 percent target allocation to private real estate that stands at 10.6 percent.

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