The Rhode Island State Investment Commission has approved a commitment of as much as $20 million to Crow Holdings Realty Partners X on behalf of its noncore real estate portfolio.

Crow Holdings has secured more than $1.7 billion for its latest fund, Crow Holdings Realty Partners X, according to a recent filing with the SEC.

Crow Holdings Realty Partners X invests in value-add and opportunistic real estate assets across the United States, primarily in industrial and multifamily as well as in specialty-sector opportunities. The fundraising target for Crow Holdings Realty Partners X is $3 billion.

Justin Maistrow, senior investment strategist at Rhode Island, said Fund X would provide a diversified value-add strate