The Florida State Board of Administration, which manages the state’s retirement system, has made a $75 million commitment to the Invesco Strategic Opportunities III, a closed-end noncore fund managed by Invesco Real Estate.
The pension fund revealed the commitment in its third quarter commitments, which were published on Oct. 31.
Launched in January 2018, the fund is targeting $500 million in capital commitments. Other investors include the Oklahoma Teachers Retirement System and the Texas Permanent School Fund.
As of Oct. 30, the Florida State Board of Administration had $205.8 billion in assets under management.
