ACERA slates $25m for Artemis’ latest healthcare fund

The Alameda County (Calif.) Employees' Retirement Association (ACERA) has approved a $25 million commitment to Artemis Real Estate Partners Healthcare Fund II, a vehicle managed by Artemis Real Estate Partners.

The investment was made on behalf of ACERA’s value-add real estate portfolio, according to a January board packet.

Since its inception, Artemis has raised some $4.7 billion of committed equity capital across core, core-plus, value-add and opportunistic strategies, according to the firm’s website. Artemis makes equity and debt investments, with a focus on multifamily, office, industrial, retail, hospitality, senior housing and medical office assets in the United States.

The firm’s initial healthcare fund, Artemis Healthcare Fund, followed a core strategy and raised $476 million in capital commitments.