Alaska Permanent Fund Invests $418M In UK RE Via LaSalle

Law360, New York (March 6, 2014, 2:49 PM EST) -- The Alaska Permanent Fund Corp. on Thursday expanded its relationship with LaSalle Investment Management by agreeing to give it £250 million ($418 million) to invest in U.K. real estate, the companies said Thursday.

The permanent fund, which recently hit $50 billion under management for the first time, sees opportunities across all U.K. property types between £50 million and £150 million, according to LaSalle. This will be APFC's first series of European real estate investments.

"While the entry into Europe is clearly expected to provide diversification benefits,...
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