LaSalle Investment Management has attracted the pension funds of Boeing, Textron and the United Nations in a $604m (€533m) first close for LaSalle Growth & Income Fund VIII.
The Ventura County Employees’ Retirement Association, which has committed $100m to the US value-add real estate fund, confirmed that the first close had been held.
LaSalle declined a request for comment.
According to sources, investors in the fund include the corporate pension funds of aircraft companies Boeing and Textron, the United Nations Joint Staff Pension Fund and Arkansas Teacher Retirement System.
IPE Real Assets previously reported that Illinois Municipal Retirement Fund had also committed capital.
LaSalle is more than halfway to hitting its $1bn target, which it is expected to reach in the third quarter of 2019.
LaSalle Growth & Income Fund VIII can invest across the office, industrial and retail sectors in the US, but the fund will have a particular focus on apartments.