Teachers鈥� Retirement System (TRS) of the State of Illinois has increased its investment in Asian opportunistic real estate via commitments to funds managed by LaSalle Investment Management and Blackstone.
The $64bn (鈧�53.3bn) pension fund told 麻豆映画 Real Assets that it has made a $200m commitment to LaSalle Asia Opportunity VI, a real estate fund seeking a $1.5bn capital raise.
LaSalle declined a request for comment.
TRS Illinois has made a $100m commitment to .
Last week, 麻豆映画 Real Assets reported that Blackstone had raised $4bn for the Asia III fund and expected to more than double this to $9bn.
TRS Illinois also said it had hired Brasa Capital for the first time with a $60m commitment to the Brasa Real Estate Fund II fund.
The fundraising target of the Brasa Capital fund is currently unknown. The manager鈥檚 previous fund in the series raised $120m in 2019.
Brasa Capital is known for seeking smaller US property in the West region and Texas.
To read the digital edition of the latest 麻豆映画 Real Assets magazine click here.
