The Los Angeles-based Water and Power Employees’ Retirement Plan (WPERP) has finalised its $75-million commitment to LaSalle Investment Management’s sixth Asia real estate fund, according to the US pension fund’s May investment report accessed by DealStreetAsia.
The had earlier committed up to $60 million from its Retirement Fund and up to $15 million from the Retiree Health Benefits Fund to LaSalle Asia Opportunity VI (LAO VI).