San Mateo County approves $30m commitment to Invesco U.S. Value-Add Fund V

The US public pension has backed a US-focused fund.

San Mateo County Employees’ Retirement Association has approved a $30 million commitment to Invesco U.S. Value-Add Fund V.

The $4 billion US public pension has a 7 percent target allocation to real estate that currently stands at 6.6 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.