LaSalle Investment Management has closed its latest real estate debt fund, LaSalle Real Estate Debt Strategies IV (LREDS IV), with €1.1 billion of capital commitments and sidecar investments.

LREDS IV has exceeded its fundraising target, making it the largest fund in LaSalle’s flagship European debt fund series. The fund attracted both re-ups and new commitments from institutional investors located across Europe, the Middle East and Asia Pacific. The vehicle will provide flexible capital solutions to institutional real estate sponsors across Europe in the form of whole loans and mezzanine debt in all major asset classes and Western European countries.

PATRIZIA has also completed a final close of its flagship discretionary value-add fund, Trans-​European VII (TEP VII), at its equity hard cap of €750 million. The latest round of fundraising was oversubscribed and brought in an additional €116 million of new equity commitments, following the previous close annou