San Bernardino County (Calif.) Employees’ Retirement Association committed $20 million to Industry Ventures VI, a venture capital fund, Nicole Dailey, communications officer for the $5.7 billion association, wrote in an e-mailed response to questions.
The association also made a £3 million ($4.8 million) investment in Apollo European Principal Finance Fund’s Webb VIII Co-Investment. Webb VIII is a co-investment in U.K.-based residential loans, she stated. Ms. Dailey declined to provide further purchase details.
The association also ratified Invesco as the new general partner for the AIG Asian Real Estate Partners II fund. San Bernardino previously made a $20 million commitment to the fund. On Dec. 31, Invesco Real Estate bought AIG Global Real Estate Investment’s $5.4 billion Asian real estate investment business, according to Invesco’s earnings statement released Thursday.