US pension fund commits $75m to LaSalle's sixth Asia real estate fund

Shanghai, China. Photo from Pixabay.

The Los Angeles-based Water and Power Employees’ Retirement Plan (WPERP) has finalised a $75-million commitment to LaSalle Investment Management’s sixth Asia real estate fund, according to its May investment report.

The pension 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).

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