LaSalle Investment Management, a global real estate investment manager, has raised more than $1.1 billion of equity for LaSalle Asia Opportunity V, exceeding the initial $750 million target.
The fifth fund in LaSalle’s series of closed-end, pan-Asia opportunistic funds, which launched in August 2016, has secured total commitments of $1.15 billion, of which 85 percent is assigned to the fund and 15 percent is targeted for co-investments.
The total capital was secured from 20 external institutional investors from Asia, Europe, the Middle East and the United States.
Mark Gabbay, chief executive officer and chief investment officer – Asia Pacific, LaSalle, said, “Investors are drawn to this region for its healthy market fundamentals, risk-return diversification opportunities afforded by varying market cycles, and the rising demand for core assets.”
The fund follows the same strategy as its predecessor fund and seeks to take advantage of mispriced
