LaSalle launches separate accounts unit
Let’s face it, investors are controlling. That is not a bad thing; it is simply a pressing byproduct of their fiduciary responsibilities. And they are getting more controlling, as attested to by increased capital flows to separate accounts.
That trend has not been lost on LaSalle Investment Management, which has established a new “custom accounts” unit in response to increasing flows of domestic and international investor capital toward customized separate accounts that encompass direct investments, co-investments, joint ventures, club deals and similar investment strategies.
Heading the new unit is Karen Brennan, a 15-year veteran at LaSalle. She is currently a managing director and head of Americas strategic partnerships. Brennan will retain her managing director title and job responsibilities while adding the new custom accounts title to her dossier.