US realty investment manager LaSalle raises $379m for China logistics fund

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US real estate investment manager LaSalle Investment Management has raised another $379.03 million for its debut China-focused logistics fund, LaSalle China Logistics Venture (LCLV), according to a filing with the US Securities and Exchange Commission (SEC).

The fund had started raising capital in the second quarter of 2019 with media reports at the time indicating a target fundraising size of about $1 billion. LaSalle had, on April 9, announced the first closing of LCLV at $681 million, when, along with a co-investment vehicle, it received interest from a clutch of investors from Europe, the Middle East, and Asia.

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