LaSalle Secures US$335 Million of Capital Commitments to Date for its Asia Opportunity V Fund
CHICAGO (August 16, 2017) — Sets New Fundraising Target of US$1 Billion LaSalle is pleased to announce that its LaSalle Asia Opportunity V (“LAO V” or “the Fund”), the fifth in its series of closed-end, pan-Asia opportunistic funds, has secured US$335 million of capital commitments since its launch in August, 2016, with pending commitments that would bring the total raised to US$700 million. The final fund size is anticipated to exceed the target of US$750 million announced upon the Fund’s launch, and the firm has set a new capital raising target of US$ 1 billion.
Following the same risk profile as its predecessor fund, LAO V seeks to take advantage of mispriced assets with opportunities to add value via repositioning and redevelopment, while undertaking a limited amount of development risk. Target markets include Japan, Australia, China, Singapore, Hong Kong and Korea. The Fund is the successor fund to LaSalle Asia Opportunity Fund IV, which committed US$485 million to a similar strategy and is expected to significantly outperform its target net return of 18%.
Mark Gabbay, CEO of Asia Pacific at LaSalle, said: “We are pleased with the depth of institutional demand for our opportunistic fund product in the region, as it highlights the successful track record we’ve built in recent years in deploying capital and generating strong investment performance for our clients. We look forward to building additional momentum for this fund, and expect global investor demand to remain strong.”
LAO V seeks to provide investors with the opportunity to participate in a diversified portfolio with a focus on real estate strategies with significant value creation potential through repositioning of assets and develop-to-core, to take advantage of growing demand for income producing properties with a “core” risk profile. The Fund aims has identified several growing trends in the Asian market including: solid growth in rents paired with potential capital value appreciation over the near term; varying market cycles which allow investors to diversify risk and return over the hold period; and finally, the rising demand for core assets.
LaSalle has invested an aggregate of over US$10 billion on behalf of the LaSalle Asia Opportunity Series in approximately 150 investments and currently has a platform of 161 people in the Asia Pacific region, with offices in the Fund’s six target markets.
 This release does not constitute an offer to sell or a solicitation of an offer to buy an interest in LAO V. A private offering of interests in the Fund is being made only to certain qualified investors pursuant to the Fund’s confidential private placement memorandum.
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $60 billion as of Q1 2018 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.