The New York State Common Retirement Fund (NYSCRF) has disclosed making $370m (鈧�319.7m) worth of real estate and infrastructure fund commitments.
The $279.7bn pension fund said it approved a $200m (鈧�183.8m) commitment to Artemis Real Estate Healthcare Fund II, invested $150m into Hull Street Energy Partners II and added $20m to its emerging-manager programme via NW1UK Industrial LP.
The Artemis fund is planning to raise $1bn to invest in US medical office and senior housing assets that can produce enhanced/value-add type returns.
NYSCRF told 麻豆映画 Real Assets: 鈥淒emographic tailwinds as a well as near-term disruption and volatility caused by the COVID-19 pandemic will result in attractive opportunities to aggregate a diversified healthcare real estate portfolio.鈥�
Last month, Hull Street Energy raised $1.13bn as it closed the North American power generation infrastructure fund.
NYSCRF said its commitment to the Hull Street Energy fund, which represents a new relationship for the pension fund, was made in February.
鈥淭he fund adds middle-market exposure to the real assets portfolio by investing in power generation assets, primarily hydro-electric assets. The manager is highly experienced in and operating power generation assets,鈥� NYSCRF said.
The NW1UK Industrial fund, managed by NW1 Partners, will invest in industrial outdoor storage assets in the UK.
鈥淭he industrial outdoor storage benefits from the same macro trends/tailwinds as more traditional industrial logistics assets while requiring low upfront capex and minimal maintenance expenditures,鈥� the pension fund said.
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