GLP has closed its first digital infrastructure focused strategy, GLP China IDC Income Fund I, at RMB 2.6 billion ($358 million) AUM.
The capital raise was backed by a group of top tier China-based and international institutional investors.
The fund will acquire a fully operational high-performance data center developed by GLP and fully leased to a leading ecommerce company. Located in greater Beijing, the seed asset is constructed to tier III+ standards, with a strong emphasis on environmental sustainability and energy efficiency.
“Digital infrastructure is essential to the adoption and advancement of AI [artificial intelligence]. GLP China IDC Income Fund I is indicative of strong investor demand for stable income streams backed by high-quality real assets with the potential of long-term capital appreciation. With our operating and investment expertise, customer access and a track record of growth at scale, we are confident in building a competitive and diff
