GLP Pte Ltd. has closed its GLP China Income Fund XIV (CIF XIV) with nearly RMB 2 billion ($280 million) of assets under management in partnership with a leading global institutional investor.
The onshore RMB fund is seeded with five stabilized income-generating logistics and industrial assets from GLP’s balance sheet and serves domestic consumption–focused customers in third-party logistics, ecommerce and automobile-related industries.
“We are pleased to complete another successful fundraise for our onshore income fund strategy, in line with our asset-light strategy of growing funds under management. Institutional investors continue to appreciate the resilience of China’s logistics sector in China as well as the quality of GLP’s assets and we look forward to continuing to create value for our investors over the long term,” said Teresa Zhuge, chairman of the executive committee of GLP China.
Despite headwinds from a complex international environm
