ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

U.S.-based LaSalle raises over $2.2bn for Asia property fund

Will use capital across commercial, residential, logistics, hospitality sectors

LaSalle's latest fund will invest in projects in places such as Australia, China, Hong Kong, Japan, South Korea and Singapore. (Source image from LaSalle website)

BANGKOK -- Chicago-based real estate investor LaSalle Investment Management said it has raised over $2.2 billion for its Asia-Pacific value-add property fund LaSalle Asia Opportunity VI (LAO VI).

The fund, which exceeded its initial target of $1.5 billion, received commitments from global institutional investors, including pension funds from U.S. states such as the Arkansas Teacher Retirement System, the Teachers' Retirement System of Illinois, the California State Teachers' Retirement System and the Los Angeles-based Water and Power Employees' Retirement Plan.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more