CalSTRS commits $450m to Artemis, AEW real estate funds

The $318.4 billion California State Teachers’ Retirement System (CalSTRS) has committed a total of $300 million to Artemis Real Estate Partners Healthcare Fund II and a coinvestment fund alongside the vehicle, according to a recent investment report.

The pension fund placed $150 million in each vehicle.

Artemis Real Estate Partners, which manages Artemis Real Estate Partners Healthcare Fund II, 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 in 2016.

CalSTRS also committed $150 million to the AEW Value Investors Asia IV (VIA IV) fund, according to the report.