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LaSalle China Logistics Venture fund raises US$359M

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LaSalle China Logistics Venture fund raises US$359M

LaSalle China Logistics Venture LP raised nearly US$359.0 million, according to a Securities and Exchange Commission filing.

The fundraising follows LaSalle Investment Management Inc.'s reported plan to raise up to US$1 billion for its first dedicated discretionary logistics fund in China. The China Logistics Development Fund is expected to hit the market before 2019-end.