LaSalleÆs latest Asia property fund raises $3 billion
The fund will focus on investing in Japan, Korea, Hong Kong, Singapore and China.
LaSalle Investment Management has closed its LaSalle Asia Opportunity Fund III, which raised a total of $3 billion. With leverage, the potential buying power of the developed Asia-focused real estate fund will be $10 billion to $12 billion.The main sources of the $3 billion were US public and corporate pension funds; US endowments and foundations; European corporate pension funds; European funds of funds, insurance companies, and money managers; and sovereign wealth funds from the Mid…
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