GLP Capital Partners holds final close for China Income Fund XII

GLP Capital Partners, the global alternative asset manager, has held a final close for its China Income Fund XII (CIF XII), after accumulating RMB 10 billion ($1.41 billion) of assets under management for the fund.

CIF XII is seeded with 25 logistics and business park assets from GLP’s balance sheet, amassing a leasable area of over 23,680,603 square feet, including assets along the Yangtze River Economic Belt, in Beijing-Tianjin-Hebei and in the Greater Bay Area regions.

“We have strong conviction in the solid fundamentals and growth prospects of new economy asset classes such as modern logistics parks, technology parks and hi-tech manufacturing parks,” said Terese Zhuge, president of China at GLP Capital Partners. “Our highly experienced local teams will continue to leverage our deep market expertise and industry-leading investment and asset management capabilities to drive value creation.:

CIF XII’s portfolio is currently anchored by a diverse array