Maine PERS backs Invesco’s latest Asia fund
Maine Public Employees Retirement System (PERS) has voted to commit up to $30 million in Invesco Real Estate Asia Fund IV, an opportunistic property fund managed by Invesco Real Estate.
The pension fund disclosed the investment at its Feb. 13 board meeting, according to an agenda document.
A fundraising target has not been revealed for the closed-end fund, which will focus its investments in Australia, China and Japan.
Maine PERS has a 9.5 percent actual allocation to real estate, with a target of 10 percent.