New York State Common Retirement Fund announces $456.3 million in real estate commitments

New York State Common Retirement Fund announced $456.3 million of real estate commitments on Oct. 13, according to our records. The total splits into $300 million for Artemis Real Estate Partners, $150 million for Basis Investment Group and $6.3 million for Hyperion Realty Capital.

Kansas Public Employees Retirement System announced a $100 million commitment to EQT Exeter's U.S. Industrial Value-Add Fund VII the same day. The two pension systems announced $556.3 million of commitments on Oct. 13.

Apogem Capital closed Apogem Real Assets Fund IV at $472 million, the largest closed transaction in our records across the two-day window. That is more than twice the $203.5 million close recorded for Kinsmen Property Group and SK Development.

Three real assets vehicles launched the same day, led by a $1 billion fund from AIP Capital, Bridgepoint and GFH Bank. SWBC Real Estate launched SWBC RE Fund II at $200 million, and FSD Africa Investments and Finance Earth launched the $100 million Africa Nature Impact Fund.

Across the pension commitments, the Apogem close and the three launches, Oct. 13 real assets activity totals $2.33 billion in our records. That figure mixes commitments to managers with the sizes of vehicles, so it measures activity rather than capital deployed.