Contra Costa County Employees' Retirement Association, Concord, Calif., committed $75 million to Invesco U.S. Value-Add Fund V, a value-added real estate fund, CEO Gail Strohl said in an email.
The $8.4 billion pension fund previously committed $35 million to Invesco U.S. Value-Add Fund IV in 2014, $35 million to Invesco U.S. Value-Add Fund III in 2012, $85 million to Invesco U.S. Value-Add Fund II in 2007 and $50 million to Invesco U.S. Value-Add Fund I in 2005.
As of June 30, the actual allocation to real estate was 8.6%.
