GCP’s Japan Income Fund grows to $3.2b in capital commitments

GLP Capital Partners (GCP) has raised JPY 453 billion ($3.2 billion) for its Japan Income Fund (JIF), its flagship logistics-focused, private open-ended core strategy.

This follows JPY 15 billion ($106 million) of new inflows, including a sizeable commitment from a domestic real estate company.

JIF is a premier unlisted investment vehicle focusing on high-quality, income-generating modern logistics properties in Japan. With over JPY 700 billion (~$5 billion) of assets under management (AUM), JIF is the largest of its kind in Japan and has attracted a diverse set of more than 60 domestic and international investors, including pension funds, sovereign wealth funds, insurance companies and other institutional asset managers.

“We are pleased to be able to continue building on our track record and are grateful to the investors who have entrusted their capital to us,” said Ralf Wessel, global head of fundraising, GLP Capital Partners. “One-third of JIF’s capit