LaSalle secures £300M top-up, pushing UK pension mandate to £1B

What's the deal? LaSalle Investment ManagementDealroom has a profile for this one. Try Dealroom → has secured more than £300 million in fresh capital from a longstanding local authority pension fund client. The allocation lifts the client's total assets under management with LaSalleDealroom has a profile for this one. Try Dealroom → to £1 billion once fully deployed.

What's the endgame? The new capital will target inflation-linked, long income assets, plus residential and assets with more active business plans across all sectors. 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 JLLDealroom has a profile for this one. Try Dealroom →'s platform.

Why now? LaSalle frames the top-up as a "vote of confidence" earned through performance. "It reflects the consistent outperformance that our UK custom accounts team has delivered across market cycles," said Philip La Pierre, head of Europe at LaSalle.

Reaching £1 billion marks a milestone for the mandate, which uses what the firm calls a "highly scalable model" for direct UK custom accounts.

The signal: LaSalle manages over $30 billion in custom account assets globally and sees the format gaining appeal. "This format is particularly attractive in today's market, where investors are seeking customised solutions that offer resilient incomes and compelling returns," said Sophie Simmonds, managing director of UK custom accounts.

Image credit: Mark Ramsay