Artemis Real Estate Partners advises private investment funds, special purpose investment vehicles, and institutional investors on real estate investments. Artemis focuses on U.S. commercial real estate private equity investments, employing various real estate strategies. Artemis's Funds offer interests only to certain qualified investors and admission to each of the Funds is only via a “private offering” (i.e., is not open to the general public).
Fee Structure
Artemis generally receives an annual management fee calculated as a percentage of the capital commitment of each investor (or a combination of the un-invested capital commitment and the invested capital of each investor) in a Fund from the initial closing of such Fund through the end of such Fund’s commitment period and, thereafter, as a percentage of the net invested capital of each investor in such Fund. Artemis or its affiliates will also receive distributions of the profits from a Separate Account Vehicle as its carried interest after the investors in the Separate Account Vehicle have achieved the return hurdles applicable to such Separate Account Vehicle. The management fee generally will be paid by the Separate Account Vehicles quarterly in advance as of the first business day of each calendar quarter. Carried interest distributions (if they apply) from the Separate Account Vehicles generally are paid out as a distribution of net cash proceeds after the relevant return hurdles have been achieved. Artemis will receive an annual management fee that is calculated as a percentage of an SMA institutional investor’s net invested capital. The management fee generally will be paid quarterly in arrears. Artemis currently does not earn carried interest distributions from SMAs.