Artemis raises $423m for second fund
Artemis Real Estate Partners has raised $422.5 million for its Artemis Real Estate Partners Fund II, according to a filing with the SEC. The value-added/opportunistic fund launched in June 2013 and aims to raise $550 million by March 2014.
The firm held a first close in October 2013, raising $280 million. Artemis Real Estate Partners Fund II will invest in U.S. multifamily, office, industrial, retail, senior housing and self-storage investments.
Artemis Real Estate Partners Fund I closed in January 2012 with $436 million in equity commitments. The fund focuses on distressed properties and loans ranging between $10 million to $40 million. In addition, Artemis established a $300 million separate account with the