The Employees Retirement System (ERS) of Texas has disclosed two real estate commitments during the month of March.
ERS committed $100 million to an undisclosed co-investment vehicle and $75 million to Invesco Real Estate Asia Fund, a core, open-end fund managed by Invesco Real Estate.
The Invesco Real Estate Asia Fund opened to investors in 2012 as the firm’s flagship investment vehicle in Asia. The vehicle will target office, retail, multifamily and industrial types located in major metropolitan areas across the Asia Pacific region, specifically Australia, China, Japan, Singapore and South Korea.
ERS previously committed $10 million to Invesco Real Estate Asia Fund in 2014, and $40 million in 2015.
