Investors - MAY 12, 2022

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NYSTRS puts $600m in real estate debt accounts

by Kali Persall

The New York State Teachers’ Retirement System (NYSTRS) has closed on $600 million of commitments to two separate accounts targeting bridge and mezzanine loans, including Freddie Mac subordinate multifamily positions.

A recent meeting document disclosed that the separate accounts belonged to Artemis Real Estate Partners and Federal Capital Partners. Each received $300 million.

The system also funded $100 million to BlackRock’s CMBS strategy.

NYSTRS’ real estate debt portfolio is valued at $7.6 billion, according to the meeting document.

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