Invesco is seeking to raise $500m for Strategic Opportunities III. : Florida State Board of Administration (SBA) is investing in value-add real estate debt, committing $75m (€67.4m) to Invesco Real Estate’s Strategic Opportunities III fund. Florida SBA said it was backing the Strategic Opportunities fund series for the first time, citing its “existing relationship with the manager in other investments and the ability to opportunistically meet our pacing needs for the asset class”. Invesco is seeking to raise $500m for Strategic Opportunities III, which raised $205m at a first close in May last year.