VCERA plans to approve $100m into Fund VIII which targets $1.5bn hard cap. : LaSalle Investment Management’s eighth US value-add real estate fund is expected to reach a final close in the third quarter of the year, according to a potential investor. In a board meeting document, Ventura County Employees’ Retirement Association (VCERA) said it will seek the approval of a $100m (€87.6m) commitment to LaSalle Growth and Income Fund VIII. In October last year, IPE Real Assets reported that LaSalle could reach a first close in December 2018 and attract around $510m.