Teacher Retirement System of Texas has committed $200m (€172.4m) to Artemis Real Estate Partners Healthcare Fund III, marking its first-ever allocation to an Artemis Real Estate Partners strategy, according to the pension fund’s August transaction summary.
Artemis expects to hold a final close for its latest US healthcare property vehicle later this month.
As previously reported, Fund III is targeting a $1.5bn capital raise to invest across medical office, senior housing and debt assets.
Texas Teachers has also committed $200m to the BDT & MSD Real Estate Capital Partners Bluebonnet partnership. The pension fund expects the vehicle to target opportunistic domestic real estate assets.
Within infrastructure, the pension fund committed $100m to the open-ended Blackstone Infrastructure Partners Europe fund.
The value-add strategy targets assets across Europe, seeking net internal rates of return of 10% to 12%.
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