Thursday, 3 September 2015
Last updated 7 hours ago
Oct 7 2011 | 10:06am ET
New York's largest public pension fund has hired a Chicago private equity fund to run an emerging real estate mandate focused on women- and minority-owned firms.
Artemis Real Estate Partners has received a $300 million allocation. The firm, founded by billionaire Penny Pritzker, will manage an emerging manager of managers real estate separate account for the $146.9 billion New York State Common Retirement Fund. It is the first allocation in plan's new emerging managers real estate program.
"With the emerging manager program now in place across our asset classes, the fund has affirmed its status as an innovator in the field and show once again its commitment to enhancing diversity and opportunity while improving its bottom line," New York Comptroller Thomas DiNapoli said.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…