
Barings to Acquire Artemis Real Estate Partners
Barings, a subsidiary of MassMutual, has agreed to acquire Artemis Real Estate Partners, aiming to strengthen its position in the U.S. real estate market and accelerate the platform’s long-term growth.
Financial terms of the deal, which is expected to close in the first quarter of 2025, were not disclosed.
Washington, DC-based Artemis manages more than $11 billion in real estate investments across multifamily, industrial, office, retail, hospitality, self-storage, senior housing, and medical office.
“We view real estate equity investing as a key pillar of growth within our long-term strategy and believe this acquisition will meaningfully enhance our capabilities,” said Mike Freno, chairman & CEO of Barings.
Barings’ global real estate platform has over $50 billion in assets under management, including more than $28 billion in global real estate debt. The platform operates out of 17 offices in nine countries.
Notable investors in Artemis funds include the Connecticut Retirement Plans and Trust Funds and the New York State Common Retirement Fund.
Dechert LLP served as legal counsel to Barings. Berkshire Global Advisors served as financial advisor to Artemis, with Paul Hastings LLP acting as legal counsel.
