Connecticut sets sights on Artemis, IPI funds, commits $300m to mandate managed by GCM Grosvenor

The Connecticut Retirement Plans and Trust Funds (CRPTF) is eyeing several potential real estate investment opportunities on behalf of its real-assets allocation.

The real estate-related funds under consideration included Artemis Real Estate Partners Fund IV, a value-add investment vehicle managed by Artemis Real Estate Partners, and IPI Partners Fund III, a data center fund managed by IPI Partners.

Artemis Real Estate Partners Fund IV opened in March with a $1.5 billion fundraising target. The fund will make value-add investments across property types, including apartment, office, industrial, healthcare, self-storage, hotel and retail assets.

IPI III acquires, develops, leases and operates data centers and related assets that serve the digital-capacity needs of large, high-quality technology companies globally. The fund is targeting a mixture of stabilized assets, as well as some build-to-suit development projects primarily in the United States.

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