Artemis Real Estate Partners is planning to raise $2.5bn (€2.1bn) for two US funds, according to people familiar with the matter.
According to sources, the US commercial real estate manager has set a $1bn hard cap target for the Artemis Healthcare Fund II fund and also plans to raise $1.5bn for the Artemis Fund IV fund.
Artemis raised $476m in July 2017 for its first healthcare fund and raised $1bn in 2019 for the Artemis Fund III fund.
Alameda County Employees Retirement Association said in a meeting document that it has made a $25m commitment to the core plus healthcare fund.
The healthcare fund, which seeks value-add type returns, will target medical office, senior housing and debt transactions.
The Artemis Fund IV will target value-add investments in property types like apartments, office, industrial, healthcare, self-storage, hotels and retail.
Artemis declined a request for comment.
To read the digital edition of the latest IPE Real Assets magazine click here.
