Key Takeaways
- • Invesco Ltd. launched the Invesco Core Plus Real Estate Trust, a daily valued collective investment trust (CIT) built exclusively for defined contribution (DC) plans to access private real estate.
- • The Trust is managed by Invesco Real Estate and blends core plus private real estate with an allocation to passive U.S. REITs to support daily liquidity.
- • Invesco Trust Company is trustee, and Invesco Advisers, Inc. is sub-adviser; the CIT is restricted to professionally managed DC solutions such as target date funds and managed account portfolios.
- • Per industry surveys cited by Invesco (Callan Index, September 30, 2025), DC plans allocate less than 1% to private markets, versus longstanding use in defined benefit plans.
- • Invesco's 2026 DC Participant Pulse Survey reports more than 85% of participants are definitely or maybe interested in private market investments in their retirement plans.
Summary
Invesco Ltd. has announced the launch of the Invesco Core Plus Real Estate Trust, a collective investment trust designed to give defined contribution plans access to private real estate through a daily valued structure. According to the firm's announcement distributed via PR Newswire, the Trust provides exposure to core plus private real estate managed by Invesco Real Estate, complemented by an allocation to passive U.S. REITs to support daily liquidity. The vehicle is intended to enable efficient implementation within DC plans and to support long-term strategic allocations within retirement portfolios.
The Trust is trusteed and managed by Invesco Trust Company and sub-advised by Invesco Advisers, Inc. It is intended for use exclusively within professionally managed DC solutions, including target date funds and managed account portfolios, and is designed for a range of plan types and sizes, including large DC plans, pooled employer plans (PEPs) with custom target date funds, off-the-shelf target date providers, and managed account solutions. Invesco describes it as one of the first dedicated core plus private real estate CITs.
Invesco cites industry surveys, referencing The Callan Index dated September 30, 2025, showing that DC plans allocate less than 1% to private markets, even though such strategies have long been used in defined benefit plans. Greg Jenkins, Managing Director of DC Solutions at Invesco, said private market strategies have drawn increasing attention from retirement plan sponsors and participants, while Scott Dennis, Global Head of Private Markets, said the CIT brings institutional real estate capabilities to DC investors. Invesco's 2026 Defined Contribution Participant Pulse Survey indicates more than 85% of participants are definitely or maybe interested in private market investments in employer-sponsored plans, with a majority more comfortable when access is provided through professionally managed solutions.
Invesco reports $131 billion in Invesco Private Markets AUM as of December 31, 2025, $84.2 billion in Invesco Real Estate assets under management as of September 30, 2025, and $89 billion in assets across the Invesco Trust Company's collective investment trusts as of the same release. Invesco Ltd. reports $2.2 trillion in total assets under management as of December 31, 2025.
The Trust is trusteed and managed by Invesco Trust Company and sub-advised by Invesco Advisers, Inc. It is intended for use exclusively within professionally managed DC solutions, including target date funds and managed account portfolios, and is designed for a range of plan types and sizes, including large DC plans, pooled employer plans (PEPs) with custom target date funds, off-the-shelf target date providers, and managed account solutions. Invesco describes it as one of the first dedicated core plus private real estate CITs.
Invesco cites industry surveys, referencing The Callan Index dated September 30, 2025, showing that DC plans allocate less than 1% to private markets, even though such strategies have long been used in defined benefit plans. Greg Jenkins, Managing Director of DC Solutions at Invesco, said private market strategies have drawn increasing attention from retirement plan sponsors and participants, while Scott Dennis, Global Head of Private Markets, said the CIT brings institutional real estate capabilities to DC investors. Invesco's 2026 Defined Contribution Participant Pulse Survey indicates more than 85% of participants are definitely or maybe interested in private market investments in employer-sponsored plans, with a majority more comfortable when access is provided through professionally managed solutions.
Invesco reports $131 billion in Invesco Private Markets AUM as of December 31, 2025, $84.2 billion in Invesco Real Estate assets under management as of September 30, 2025, and $89 billion in assets across the Invesco Trust Company's collective investment trusts as of the same release. Invesco Ltd. reports $2.2 trillion in total assets under management as of December 31, 2025.
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