{"id":1004487037,"date":"2020-10-26T04:17:24","date_gmt":"2020-10-26T12:17:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004487037"},"modified":"2020-10-26T06:18:18","modified_gmt":"2020-10-26T14:18:18","slug":"lasalle-launches-global-navigator-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lasalle-launches-global-navigator-fund\/","title":{"rendered":"LaSalle Launches Global Navigator Fund"},"content":{"rendered":"
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Image via rawpixel.com<\/em><\/p><\/div>\n

LaSalle Investment Management has kicked off another fund<\/a> with $320 million in founding capital commitments.<\/p>\n

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READ ALSO<\/strong>: DivcoWest Closes Fund at $2.25B<\/a><\/p>\n

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The firm\u2019s newest fund, the LaSalle Global Navigator Fund, would cater to small- and medium-sized institutional investors with a diversified in-place portfolio of investments across a range of investment vehicles in the U.S., Europe and Asia. The fund will be able to invest across private and public equity, as well as private and public debt.<\/p>\n

Ed Casal, CEO of LaSalle GPS, said in prepared remarks that the firm is seeing demand from smaller and medium-sized investors who want to invest more but may not be able to build or support a global investment portfolio on their own.<\/p>\n

According to LaSalle, four investors contributed to the $320 million in initial funding, which includes a $25 million co-investment from JLL. The momentum for LaSalle\u2019s Global Navigator Fund kicked off with recently completed investments into a U.S. medical office fund and a U.K. student accommodation fund. The firm also noted that the fund has significant uncommitted capital that will allow it to make focused investments based on the fast-moving digital world.<\/p>\n

LaSalle\u2019s global fund presence<\/h2>\n
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Catriona Allen, Fund Manager, LaSalle Global Navigator. Image courtesy of LaSalle Investment Management<\/em><\/p><\/div>\n

Catriona Allen, LaSalle Global Navigator\u2019s fund manager, said in prepared remarks that the launch and momentum from the new fund follows the growing demand for global investment opportunities across the risk spectrum. Allen added in her prepared statement that the Global Navigator Fund will continue to look for investments across different geographies, managers and underlying asset types.<\/p>\n

However, LaSalle Investment Management\u2019s interest in worldwide investments predates its Global Navigator Fund. In November, the firm also opened a real estate fund in Japan<\/a> that was seeded with $560 million from Japanese investors and loans from major Japanese financial institutions. In Europe, LaSalle has recently closed its fourth fund in its Real Estate Debt Strategies series. The fund that was focused on real estate investments across Western Europe closed at approximately $512 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The firm secured $320 million in founding capital commitments for its latest fund that will focus on the U.S., Europe and Asia. <\/p>\n","protected":false},"author":883,"featured_media":1004487097,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742],"tags":[32796,33722],"class_list":["post-1004487037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest","tag-jll","tag-lasalle-investment-management"],"acf":[],"yoast_head":"\nLaSalle Launches Global Navigator Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lasalle-launches-global-navigator-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LaSalle Launches Global Navigator Fund\" \/>\n<meta property=\"og:description\" content=\"The firm secured $320 million in founding capital commitments for its latest fund that will focus on the U.S., Europe and Asia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lasalle-launches-global-navigator-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-26T12:17:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-26T14:18:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/10\/image-from-rawpixel-id-2307794-jpeg.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lasalle-launches-global-navigator-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lasalle-launches-global-navigator-fund\/\",\"name\":\"LaSalle Launches Global Navigator Fund - 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