LaSalle Investment Management has kicked off its latest fund for American real estate.

LaSalle, the asset management arm of JLL, announced LaSalle Income & Growth Fund VIII, seeking $1B for the acquisition of value-add investments, Bloomberg reports. Its previous domestic fund, LaSalle Income & Growth Fund VII, closed last year after raising $510M — 80% of which has already been invested.

LaSalle is among the most prolific fundraisers across the world, with a European debt fund that raised £804M last year, an Asian investment fund that has so far raised over $1.1B and a Canadian fund that launched late last year with a projected $582M for acquiring assets in core markets. Overall, the company manages over $60B of assets for clients worldwide, according to Bloomberg.

LaSalle's value-add strategies have taken many forms, from ambitious redesigns like 50 Post Office Square in Boston to the management of new and well-performing assets like a Restoration Hardware in Atlanta's Buckhead neighborhood — acquired in 2017 by Income & Growth Fund VII. In August, the company named Brad Gries as head of U.S. acquisitions.

With its eighth domestic value-add fund, LaSalle seeks to obtain returns of 10% to 15% after fees.