LaSalle Investment Management closed its $3 billion LaSalle Asia Opportunity Fund III.
LaSalle executives said in a news release they expect LaSalle assets under management in Asia to double in the next three years through capital from the Asia Opportunity fund as well as the $820 million LaSalle Japan Logistics Fund II.
Investors in the Asia Opportunity fund include the $232.5 billion California Public Employees’ Retirement System, Sacramento, and the $6.2 billion San Bernardino County (Calif.) Employees’ Retirement Association.
