Academics’ Retirement System (TRS) of the State of Illinois has elevated its funding in Asian opportunistic actual property through commitments to funds managed by LaSalle Funding Administration and Blackstone.
The $64bn (€53.3bn) pension fund informed IPE Actual Belongings that it has made a $200m dedication to LaSalle Asia Alternative VI, an actual property fund seeking a $1.5bn capital raise.
LaSalle declined a request for remark.
TRS Illinois has made a $100m dedication to .
Final week, IPE Actual Belongings reported that Blackstone had raised $4bn for the Asia III fund and anticipated to greater than double this to $9bn.
TRS Illinois additionally mentioned it had employed Brasa Capital for the primary time with a $60m dedication to the Brasa Actual Property Fund II fund.
The fundraising goal of the Brasa Capital fund is at present unknown. The supervisor’s earlier fund within the sequence raised $120m in 2019.
Brasa Capital is understood for looking for smaller US property within the West area and Texas.
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