Artemis Real Estate Partners has raised $1bn (€970.4m) for its second US healthcare property fund.
The manager said the fundraising for Artemis Healthcare Fund II exceeded the fund’s $750m target to reach its hard cap. Artemis raised $476m in July 2017 for its first healthcare fund.
As previously reported, the New York State Common Retirement Fund issued a $200m commitment to the fund. The California State Teachers Retirement System also issued a $150m commitment to the fund and the same amount to co-invest alongside the fund which started its fundraising last year.
The San Francisco Employees’ Retirement System and the Illinois Municipal Retirement Fund also backed the fund with $60m and $50m respectively.
Last year, the Alameda County Employees Retirement Association made a $25m commitment to the core-plus healthcare fund which targets equity and debt investments in both medical offices and senior housing.
To read the latest edition of the latest IPE Real Assets magazine click here.
No comments yet