Institution: Tulare County Employees Retirement Association
Headquarters: Visalia, United States
Allocation to alternatives: 16.70%
Tulare County Employees Retirement Association has agreed to commit to Invesco’s Commercial Mortgage Income Fund, a contact at the pension informed Private Debt Investor.
Invesco has been selected to manage the institution’s real estate debt allocation, which constitutes approximately five percent of TCERA’s assets.
The $1.62 billion US public pension has a 20.0 percent target allocation to alternative investments that currently stands at 16.7 percent.
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