LaSalle Investment Management (LaSalle) has raised over $2.2 billion of equity for LaSalle Asia Opportunity VI (LAO VI), including sidecars and co-investment programmes, exceeding its initial target of $1.5 billion.

The committed capital has been secured from global institutional investors and will provide buying power for over US$7 billion worth of assets.

LAO VI is the sixth in LaSalle’s closed-ended, opportunistic fund series focusing on Asia Pacific. In keeping with its predecessor funds, LAO VI seeks to take advantage of mispriced assets with opportunities to add value through repositioning and redevelopment in Asia Pacific’s key markets including Australia, China, Hong Kong, Japan, Korea and Singapore, having invested approximately 25% of committed capital so far in a diversified portfolio.

Read more: Private Equity Wire