Artemis Real Estate Partners Healthcare Fund II, a value-add fund managed by Artemis Real Estate Partners, has raised more than $636 million from 21 investors, according to a recent filing with the SEC. Reports point to a $1 billion hard-cap target for the fund.
The investor base of the fund is institutional, with known commitments coming from a slew of U.S. pension funds, including the Illinois Municipal Retirement Fund, the California State Teachers' Retirement System, the San Francisco Employees' Retirement System, the New York State Common Retirement Fund and the Alameda County (Calif.) Employees' Retir