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LaSalle’s China Logistics Venture fund adds capital from two U.S. pension funds
Investors - SEPTEMBER 17, 2021

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LaSalle’s China Logistics Venture fund adds capital from two U.S. pension funds

by Kali Persall

Two U.S. pension funds have invested in LaSalle Investment Management’s China Logistics Venture fund (LCLV), the firm’s first dedicated logistics vehicle in China, according to various industry sources.

The investors were the Texas Permanent School Fund with a $50 million commitment and the Sacramento County (Calif.) Employees’ Retirement System with a $30 million commitment.

LCLV will invest across tier 1 and 2 cities in China’s key logistics regions, including the Yangtze River Delta in Greater Shanghai, Bohai Bay in Greater Beijing, and Greater Bay in South China. The fund’s strategy is to develop and construct a diversified portfolio of modern logistics facilities in markets with strong fundamentals. It also will seek to buy and reposition underperforming logistics assets.

LaSalle said the fund will also look to invest in cold-chain logistics that benefit from increasing demand from the fresh-food sector in China.

In April 2020, the fund hel

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