Barings has entered into a definitive agreement to acquire Artemis Real Estate Partners, an $11 billion-plus real estate investment firm.

The transaction is expected to close in the first quarter of 2025. Financial terms were not disclosed.

“We are thrilled to welcome the Artemis team to Barings, where we share a deep commitment to serving as trusted partners to investors,” says Mike Freno, chairman and CEO of Barings. “We view real estate equity investing as a key pillar of growth within our long-term strategy and believe this acquisition will meaningfully enhance our capabilities. We are excited to bring our complementary platforms together to drive further opportunities on behalf of our investors.”

Artemis Real Estate Partners, headquartered in Washington, D.C., is a diversified real estate firm with investment expertise across the risk spectrum. The firm has consistently delivered strong returns throughout multiple economic cycles, leveraging its ext