GLP has completed a final close for its newest fund, GLP China Income Fund I (GLP CIF I), with $2.1 billion.
GLP CIF I is fully-seeded with 34 stabilized, income-producing assets in 18 cities across China.
The fund was backed by seven institutional investors, six of which are new to GLP.
“Despite the current environment, we received significant interest from institutional investors to participate in GLP CIF I,” said Teresa Zhuge, executive vice chairman of GLP China. “Investor demand for China logistics real estate is exceptionally strong, and we are pleased to provide our institutional investor partners access to this market opportunity.”
GLP said CIF I is its third vehicle in China to support the firm’s capital recycling strategy. The company also manages GLP China Value-Add Venture I & II, which were launched in 2018, representing $7 billion of income funds in China.
GLP is a global investment manager and business builder in logist
