San Francisco Employees' Retirement System (SFERS) has invested in two value-add funds on behalf of its real assets portfolio.
IREI understands the pension fund has committed as much as $60 million to Artemis Real Estate Partners Healthcare Fund II, a value-add vehicle managed by Artemis Real Estate Partners, and as much as A$40 million ($29 million) to Cabot Industrial Value Fund VI (CIVF VI-A) Australia, an Australia-focused fund managed by Cabot Properties.
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 followed a core strategy and closed with $476 million of capital commitments in 2016.
Cabot is targeting $800 million in commitments for its sixth value-add industrial fund, Cabot Industrial Value Fund VI. Consistent with prior funds, Cabot expects the fund to primarily concentrate on value-add in
