Invesco Real Estate raised approximately US$500 million for its Invesco Real Estate Asia Fund IV, IPE Real Assets reported April 4, citing an unnamed investor.
The Asia-focused fund will target opportunities primarily in markets, including South Korea, Australia and Japan. The fund is said to have a hard cap of US$750 million. Early investors in the fund include the Teacher Retirement System of Texas and the Maine Public Employees Retirement System.
Invesco Real Estate declined to comment regarding the fundraising, the publication added.
Invesco Real Estate is the global real estate investment management arm of Invesco Ltd.