US-based real estate investment manager LaSalle Investment Management has made another close for its latest Asia-focused, closed-end private equity real estate fund at $1.29 billion, according to its latest filing.
The US Securities and Exchange Commission (SEC) filing did not specify the target for the fund, LaSalle Asia Opportunity VI, but one of its limited partners earlier disclosed that the vehicle is looking to raise $1.5 billion in commitments with a target net IRR of 18% over an eight-year fund life.