LaSalle Investment Management has raised more than $2.2 billion of equity for its LaSalle Asia Opportunity VI (LAO VI) fund, including sidecars and co-investment programs. The fund exceeded its initial target of $1.5 billion.
LaSalle said the capital came from global institutional investors and will provide buying power for more than $7 billion worth of assets.
LAO VI is the sixth in LaSalle’s closed-ended, opportunistic fund series focusing on Asia Pacific. Like its predecessor funds, LAO VI seeks to take advantage of mispriced assets with opportunities to add value through repositioning and redevelopment in Asia Pacific’s key markets, including Australia, China, Hong Kong, Japan, Korea and Singapore. The fund has already invested roughly 25 percent of its committed capital in a diversified portfolio.
To date, the LaSalle Asia Opportunity Fund series has invested in more than $13 billion worth of assets.
“We are focused on bolstering our platform i
