Bahrain’s Investcorp acquires minority stake in Artemis Real Estate

Brooklyn Bridge, New York. Photo by Colton Duke on Unsplash

Bahrain-based investment group Investcorp has acquired a minority stake in Artemis Real Estate Partners, a US-headquartered investment manager, according to a joint announcement.

The acquisition was made through Investcorp’s Strategic Capital Group, which focuses on minority interests in alternative asset managers, particularly GPs that manage longer-duration private capital.

The joint news release did not disclose the terms of the deal and the amount that Investcorp paid for the minority stake but said Artemis will continue with its operations and investment strategies.

Artemis Real Estate Partners is based in Washington, with offices in New York, Los Angeles, and Atlanta. On its website, the firm said it has raised approximately $6 billion of capital across core, core plus, value-add, and opportunistic strategies.

It makes equity and debt investments in real estate across the US, with a focus on multifamily, industrial, office, retail, hospitality, senior housing, and medical office.

Artemis has purchased approximately $9.5 billion of real estate across four primary business lines and its team has made over 260 investments in the middle markets since 2011.

Investcorp, on the other hand, is a global provider and manager of alternative investment with six lines of businesses – private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital.

Last month, the firm acquired 89 industrial properties totaling approximately 2.2 million square feet across four major US markets for a total purchase price of $380 million.

The properties raise Investcorp’s US industrial real estate holdings to approximately $2.8 billion across more than 385 buildings covering 27 million square feet.

In June, Investcorp invested an undisclosed amount in Hong Kong-based Heritage Foods, a buy-and-build platform for condiments and sauces, marking the firm’s 21st investment in the food and beverages industry in the span of three decades.

The firm’s Strategic Capital Group, launched in 2019, focuses on mid-sized alternative asset managers with “strong track records, exceptional teams, and attractive growth prospects”.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.