LONDON—LaSalle Investment Management said Monday it had closed its third debt fund with aggregate commitments of £804 million (approximately US$1.064 billion). The capital raise for LaSalle Real Estate Debt Strategies III, which exceeded its initial £750-million target, brings the capital raised for LaSalle's debt investment platform to approximately £1.1 billion (or US$1.45 billion) in 2017.

LREDS III's capital raise was the most successful in the series to date. It attracted 17 limited partners from across the globe, with a diverse mix of investors from Europe, the Middle East, Asia and the US. The fund, which invests across Western Europe with a focus on the UK, retained support from existing investors as well as attracting newcomers, LaSalle said Monday.

Amy Klein Aznar, London-based head of debt investments and special situations, notes that the year-to-date tally for fundraising also includes £260 million secured by the third tranche of LaSalle Residential Finance earlier this year. “This enables us to provide our borrowers with wide ranging and large-scale financing solutions ranging from mezzanine to whole loans for stabilized, value add and development assets,” she says. “We have already completed several debt investments this year, working with strong sponsors and senior banking partners across Europe, which has reinforced our position as a leading debt provider in the market.”