Key Takeaways
- • The New York State Common Retirement Fund (NYSCRF) has committed $456.3 million to real estate across funds managed by Artemis Real Estate Partners, Basis Investment Group and Hyperion Realty Capital.
- • Artemis Real Estate Partners Fund V received $300 million for a closed-end, value-add, opportunistic strategy with a maximum size of $2.5 billion, targeting U.S. apartments, office, industrial, healthcare, self-storage, hotel and retail properties.
- • The Illinois Municipal Retirement Fund committed $50 million to Artemis Fund V in September 2026.
- • Predecessor Artemis Real Estate Partners Fund IV closed with $2.2 billion in total capital, oversubscribed against an initial $1.5 billion target.
- • BIG Real Estate Fund, a vehicle of Basis Investment Group, received $150 million for real estate debt financing via bridge loans, mezzanine and preferred equity.
Summary
The New York State Common Retirement Fund (NYSCRF) has committed $456.3 million to real estate, according to Institutional Real Estate, Inc. The commitments span funds managed by Artemis Real Estate Partners, Basis Investment Group and Hyperion Realty Capital.
The largest allocation is $300 million to Artemis Real Estate Partners Fund V. The closed-end, value-add, opportunistic vehicle targets apartments, office, industrial, healthcare, self-storage, hotel and retail properties in the United States, with a maximum fund size of $2.5 billion. The Illinois Municipal Retirement Fund committed $50 million to the same fund in September 2026. Its predecessor, Artemis Real Estate Partners Fund IV, closed with $2.2 billion in total capital, oversubscribed from an initial target of $1.5 billion.
BIG Real Estate Fund, a vehicle of Basis Investment Group, received $150 million. The real estate debt fund provides financing for acquisitions, refinancings and recapitalizations through bridge loans, mezzanine debt and preferred equity.
The source article's coverage of the Hyperion Realty Capital commitment is limited in the material available, and the amount allocated to that manager is not disclosed in the excerpt reviewed.
The largest allocation is $300 million to Artemis Real Estate Partners Fund V. The closed-end, value-add, opportunistic vehicle targets apartments, office, industrial, healthcare, self-storage, hotel and retail properties in the United States, with a maximum fund size of $2.5 billion. The Illinois Municipal Retirement Fund committed $50 million to the same fund in September 2026. Its predecessor, Artemis Real Estate Partners Fund IV, closed with $2.2 billion in total capital, oversubscribed from an initial target of $1.5 billion.
BIG Real Estate Fund, a vehicle of Basis Investment Group, received $150 million. The real estate debt fund provides financing for acquisitions, refinancings and recapitalizations through bridge loans, mezzanine debt and preferred equity.
The source article's coverage of the Hyperion Realty Capital commitment is limited in the material available, and the amount allocated to that manager is not disclosed in the excerpt reviewed.
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