Barings, the investment arm of Massachusetts Mutual Life Insurance Co., has struck a deal to acquire Artemis Real Estate Partners, a firm managing over $11 billion in assets. The move, unveiled Tuesday, signals Barings’ bold push into the U.S. real estate market, as it looks to expand its foothold in equity and debt investments across diverse property sectors.
The acquisition, guided by Dechert LLP for Barings and Paul Hastings LLP for Artemis, is expected to close in the first quarter of 2025.
Expanding Barings’ Real Estate Dominance
Barings CEO and Chairman Mike Freno framed the acquisition as a strategic leap, reinforcing real estate equity as a cornerstone of the firm’s long-term vision.
“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,” Freno stated.
With Artemis specializing in investments spanning residential, senior housing, healthcare, self-storage, hospitality, retail, and office spaces, Barings is set to significantly broaden its reach.
