The Teacher Retirement System (TRS) of Texas has committed $100 million to Invesco Real Estate Asia Fund IV, a value-add commingled fund managed by Invesco Real Estate, a spokesperson for the pension fund disclosed in an email.
The investment was made on behalf of TRS’ real assets portfolio.
The closed-end fund will target properties in Australia, China and Japan. An equity fundraising target has not been disclosed.
In February, the Maine Public Employees Retirement System also approved a commitment of up to $30 million in the investment vehicle.
TRS has a 16 percent allocation to the real estate and real assets asset class.
