The $207.4 billion New York State Common Retirement Fund has committed a total of $350 million to two real estate funds, according to a monthly transaction report.
The retirement fund’s first commitment was $200 million to Artemis Real Estate Partners Income and Growth Fund, managed by Artemis Real Estate Partners. It is a core-plus, closed-end investment vehicle that will seek to generate current income and capital appreciation by investing in strategic joint ventures with emerging or diverse operating partners. Artemis is an existing manager for the New York State Common Retirement Fund.
The second commitment was $150 million to HVP IV Sidecar I (HVP IV S), a Delaware limited partnership. HVP IV S is a sidecar vehicle formed to co-invest on select properties with Heitman Value Partners IV, a closed-end, commingled real estate fund in which the retirement fund invested in June 2018. Both
HVP IV S, and Heitman Value Partners IV are managed by Heitman, which is
