MainePERS makes $30m commitment

The US public pension has backed Invesco Real Estate's pan-Asian vehicle.

Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
AUM: $15.30bn
Allocation to alternatives: 45.70%
Bitesize: $50-100m

Maine Public Employees Retirement System has made a $30 million commitment to Invesco Asia Real Estate Fund IV, a contact at the pension informed PERE.

The $15.30 billion US public pension has a 10.0 percent target allocation to real estate that currently stands at 9.50 percent.

As illustrated below, MainePERS has made six commitments to real estate vehicles with a 2019 or 2020 vintage, which combined constitute $221 million.

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