Key Takeaways
- • LaSalle Investment Management secured more than £300 million in additional capital from a longstanding UK local authority pension fund client, lifting the mandate's total assets under management to £1 billion once fully deployed.
- • The client's top-up follows seven asset sales and three acquisitions completed for the pension fund since the start of 2024, with property-level asset management delivered through JLL's platform.
- • The new capital will target inflation-linked, long income assets, residential, and assets with more active business plans across all sectors.
- • LaSalle manages over $30 billion in custom account assets globally, and says the custom account format is gaining appeal among investors seeking resilient incomes and compelling returns.
Summary
LaSalle Investment Management has secured more than £300 million in fresh capital from a longstanding local authority pension fund client in the UK, according to Dealroom and multiple press reports. The additional commitment takes the total assets under management across the client's portfolios to £1 billion once fully deployed, marking a milestone for the direct UK custom accounts mandate, which LaSalle describes as a "highly scalable model."
LaSalle frames the top-up as a "vote of confidence" earned through performance. Philip La Pierre, head of Europe at LaSalle, said the allocation "reflects the consistent outperformance that our UK custom accounts team has delivered across market cycles." The client's decision follows a sustained period of outperformance, according to the firm's announcement.
Since the start of 2024, LaSalle has completed seven asset sales and three acquisitions for the pension fund, with property-level asset management delivered through JLL's platform. The new capital will target inflation-linked, long income assets, residential, and assets with more active business plans across all sectors.
Sophie Simmonds, managing director of UK custom accounts, said the format is "particularly attractive in today's market, where investors are seeking customised solutions that offer resilient incomes and compelling returns." LaSalle manages over $30 billion in custom account assets globally. The pension fund client is not named in the available coverage. Source details beyond the announcement are limited, and the figures above reflect the firm's own disclosures as reported.
LaSalle frames the top-up as a "vote of confidence" earned through performance. Philip La Pierre, head of Europe at LaSalle, said the allocation "reflects the consistent outperformance that our UK custom accounts team has delivered across market cycles." The client's decision follows a sustained period of outperformance, according to the firm's announcement.
Since the start of 2024, LaSalle has completed seven asset sales and three acquisitions for the pension fund, with property-level asset management delivered through JLL's platform. The new capital will target inflation-linked, long income assets, residential, and assets with more active business plans across all sectors.
Sophie Simmonds, managing director of UK custom accounts, said the format is "particularly attractive in today's market, where investors are seeking customised solutions that offer resilient incomes and compelling returns." LaSalle manages over $30 billion in custom account assets globally. The pension fund client is not named in the available coverage. Source details beyond the announcement are limited, and the figures above reflect the firm's own disclosures as reported.
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