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 a $300 million commitment for a closed-end, value-add, opportunistic strategy with a maximum size of $2.5 billion.
- • 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.
- • Artemis's predecessor, Fund IV, closed with $2.2 billion in total capital, oversubscribed against an initial $1.5 billion target.
- • The Illinois Municipal Retirement Fund committed $50 million to Artemis Fund V in September 2026.
Summary
The New York State Common Retirement Fund (NYSCRF) has committed $456.3 million to real estate, spread across funds managed by Artemis Real Estate Partners, Basis Investment Group and Hyperion Realty Capital, according to Institutional Real Estate, Inc.
The largest allocation, $300 million, went to Artemis Real Estate Partners Fund V. The closed-end, value-add, opportunistic vehicle targets apartments, office, industrial, healthcare, self-storage, hotels and retail properties in the United States, with a maximum fund size of $2.5 billion. The Illinois Municipal Retirement Fund separately committed $50 million to the fund in September 2026. Artemis's predecessor, Fund IV, closed with $2.2 billion in total capital raised, oversubscribed from its initial $1.5 billion target.
BIG Real Estate Fund, a vehicle of Basis Investment Group, received $150 million. The fund is a real estate debt vehicle that provides financing for acquisitions, refinancings and recapitalizations through bridge loans, mezzanine and preferred equity.
The source article's coverage of the Hyperion Realty Capital commitment was truncated in the available text, so details of that allocation are not reported here.
The largest allocation, $300 million, went to Artemis Real Estate Partners Fund V. The closed-end, value-add, opportunistic vehicle targets apartments, office, industrial, healthcare, self-storage, hotels and retail properties in the United States, with a maximum fund size of $2.5 billion. The Illinois Municipal Retirement Fund separately committed $50 million to the fund in September 2026. Artemis's predecessor, Fund IV, closed with $2.2 billion in total capital raised, oversubscribed from its initial $1.5 billion target.
BIG Real Estate Fund, a vehicle of Basis Investment Group, received $150 million. The fund is a real estate debt vehicle that provides financing for acquisitions, refinancings and recapitalizations through bridge loans, mezzanine and preferred equity.
The source article's coverage of the Hyperion Realty Capital commitment was truncated in the available text, so details of that allocation are not reported here.
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