Connecticut Retirement Plans and Trust Funds (CRPTF) has released its real assets pacing plan for 2025, according to meeting materials. The pacing plan will include $850 million to noncore real estate and $500 million to core real estate.
A portion of this pacing plan, $150 million with a potential upsize of $50 million, has been allocated to Artemis Real Estate Partners Healthcare Fund III. This fund is a core and value-added closed-end fund that invests in healthcare, senior housing and medical properties. It has a fundraising goal of $1.5 billion. Its predecessor, Artemis Real Estate Partners Healthcare Fund II, raised $1 billion in equity, $250 million over its initial fundraising target.
CRPTF is a public pension fund with $59.3 billion in total assets under management, and $3.7 billion in total real estate assets, as of Dec. 31, 2024. As of then, CRPTF had a real estate allocation target of 10 percent.
