The Mississippi Public Employees' Retirement System (PERS) has approved a $75 million commitment to Invesco U.S. Fund VI, a private real estate fund managed by Invesco Real Estate.
Invesco Real Estate U.S. Fund VI opened to investors in November 2020 with a $1.5 billion fundraising target. The closed-end, value-add fund will invest in diversified properties in the United States.
IREI understands Mississippi PERS previously committed $75 million to Invesco U.S. Value-Add Fund V and $50 million to Invesco U.S. Value-Add Fund IV.
As of March 31, Mississippi PERS had an 8.53 percent allocation to real estate. The pension fund could not be reached to comment on its investment activity at the time of publication.
