Contra Costa County plans $538m to be invested in value-add. : Invesco Real Estate’s fifth value-add real estate fund is close to reaching its $1bn (€870m) fundraising target according to one investor. Contra Costa County Employees’ Retirement Association (CCCERA) said in a meeting document that it has $538m capital available to invest in value-add real estate funds over the next few years. Invesco has closed commitments from other investors of a total of $410m from a number of US institutional investors. Two of the potential investors are non-US sovereign wealth funds that were expected to make commitments totalling $250m.