Seattle City Employees' Retirement System

About Seattle City Employees' Retirement System

Seattle City Employees Retirement System's investment portfolio is valued at $4.12 billion as of March 31, 2024, with investments in private equity, real estate, infrastructure, publicly traded equities, fixed-income securities, and cash. Its return for the quarter, 1 year, 3 years, 5 years, 7 years, and 10 years was 3.59%, 11.27%, 4.78%, 8.40%, 8.01%, and 7.22% compared to the benchmark return of 3.35%, 10.94%, 5.33%, 8.49%, 8.15%, and 7.31%, respectively. As of March 31, 2024, the private equity portfolio was valued at $533.18 million, representing 12.9% of the total portfolio. This is an increase compared to December 31, 2023, when the private equity portfolio was valued at $530.59 million. As of December 31, 2023, the fund's private equity return for the quarter, 1 year, 3 years, 5 years, and 7 years were 4.28%, 9.32%, 9.24%, 18.61%, and 18.23%, compared to the benchmark return of 3.03%, 6.44%, 12.52%, 17.28%, and 17.21% respectively. Investments in private equity include buyouts, co-investment, direct lending, fund of funds, mezzanine, secondaries, and venture capital strategies. As of March 31, 2024, the infrastructure portfolio was valued at $116.21 million. The fund's investment is governed by the executive management team, with Mr. Jason Malinowski serving as Chief Investment Officer. NEPC serves as the LP Consultant.