The Connecticut Retirement Plans and Trust Funds (CRPTF) has committed $400 million to real estate funds, including funds managed by Artemis Real Estate Partners and Clarion Partners.
Artemis Real Estate Partners Fund V received $250 million for its value-added/opportunistic closed-end fund. With a fundraising goal of $2.5 billion, the fund invests in apartments, office, industrial, healthcare, self-storage, hotels and retail in the United States. Artemis Real Estate Partners Fund IV, the fund’s predecessor, raised $2.2 billion.
Lion Industrial Trust, a vehicle of Clarion Partners, received $150 million for its open-end, core-plus strategy that owns, develops, manages and sells industrial warehouse properties and land in the United States.
CRPTF had $71.6 billion, as of Feb. 28, with a 10 percent real estate allocation goal and $4.4 billion in total real estate assets.
