Connecticut commits $100m to Artemis real estate fund

The $32.4 billion Connecticut Retirement Plans and Trust Funds (CRPTF) has committed up to $100 million to Artemis Real Estate Partners Income and Growth Fund, according to Linda Tudan, chief of staff to the CIO.

Artemis Real Estate Partners Income and Growth Fund, managed by Artemis Real Estate Partners, is a commingled, fully discretionary fund. It will primarily focus on small- to middle-market assets in primary and secondary spaces, offering the opportunity for current income and modest capital appreciation. Like Artemis’ other vehicles, Artemis Income & Growth Fund will invest in the United States across property types with a focus on the multifamily, office, industrial, self-storage and retail sectors.

The fund recently held a first close at $400 million. It has a target of $750 million.

CRPTF has target allocation to real estate of 7 percent.