The $78 billion Virginia Retirement System has committed $75 million to Artemis Real Estate Partners Fund III. Artemis Real Estate Partners Fund III is a value-add/opportunistic fund that will invest in the United States with a focus on the multifamily, office, industrial, retail, senior housing and self-storage sectors. The fund’s predecessor, Artemis Real Estate Partners Fund II, held a $580 million final close in 2014.
VRS has a 12.6 percent allocation to real assets.
Artemis Real Estate Partners, a majority women-owned real estate investment management firm based in Washington, D.C., has raised more than $3.3 billion of investor capital in two primary business lines: $2.2 billion in a commingled fund series (core-plus, value-add and opportunistic) and more than $1.1 billion in separate accounts focused on emerging managers.
