Program Partner: Real Estate

Current Strategies

  • U.S Core-Plus
  • U.S. Debt
  • U.S. and European Value-Add
  • U.S. Opportunistic

Program Partners

Artemis Real Estate Partners
Real Estate Program
5404 Wisconsin Avenue, Suite 1150
Chevy Chase, MD 20815
(202) 370-7450
www.artemisrep.com

Leadership: Debbie Harmon, Gina Baker Chambers, Jim Smith
Email: [email protected][email protected]

GCM Grosvenor
Real Estate Program
767 Fifth Avenue, 14th Floor
New York, NY 10153
(646) 362-3675
www.gcmgrosvenor.com

Leadership: Peter Braffman
Email: [email protected]

Program Guidelines

Life-Cycle Stage: Early & Mid-Stage
Structure: Joint Ventures
Managed by: Program Partner (Artemis Real Estate Advisors)
Firm equity under management typically less than $1 billion
Sample commitment per property: $10 million to $25 million, per venture: $75 million

Life-Cycle Stage: Seed, Early & Mid-Stage
Structure: Joint Ventures, Seed Investments, Funds, Co-investments
Managed by: Program Partner (GCM Grosvenor)
Typical emerging manager firm equity under management less than $2 billion
Fund size typically less than $1 billion, 1st, 2nd or 3rd institutional fund
Sample initial commitment: $10 million to $30 million

Life-Cycle Stage: Late-Stage
Structure: Funds
Managed by: NYSCRF Direct
Firm equity under management typically less than $2 billion
Typical fund size greater than $750 million
Sample commitment: $100 million to $150 million

Please also refer to additional guidelines: Emerging Manager Definition and Life-Cycle Stages