One of the world’s largest real estate investment managers has announced the launch of a new indirect investment platform.
LaSalle Investment Management has launched its new platform following the acquisition of the Real Estate Multi-Manager business of Aviva Investors; and will offer a range of opportunities across private, public, debt and equity segments through investment in third-party and in-house funds, joint ventures, co-investments and secondaries.
LaSalle Global Partner Solutions will partner with expert real estate operators worldwide and brings together the Aviva multi-manager indirect business, LaSalle's existing European-based global indirect investment team, and its global strategic co-investment team based in Chicago.
It will be led by New York-based CEO Ed Casal, who joins from Aviva Investors. He will lead a team of 40 investment professionals across Chicago, London, New York, and Singapore. The business will have almost $10 billion in assets under management.
“The combined team is highly-experienced, has deep operator relationships, and will leverage LaSalle's industry-leading real estate research and global client service capability to build strong investment solutions that satisfy client objectives across the risk/return spectrum," commented Casal.
LaSalle Investment Management global CEO Jeff Jacobson added that the launch of the platform is an important milestone for the company.
LaSalle GPS will benefit from LaSalle's existing platform of professionals who are able to provide extensive market information and insight, strong local relationships and deal flow. By enhancing LaSalle'sexisting capabilities with the addition of Aviva's multi-manager business, we intend to grow the business and further enhance our global indirects offering."