GLP Capital Partners IV surpasses $2b fundraising target

Los Angeles–based GLP Capital Partners has closed its GLP Capital Partners IV fund at more than $2.3 billion, exceeding its $2 billion target.

It is the largest North American discretionary closed-end fund focused on logistics real estate ever raised, according to GLP. The fund will invest in institutional-quality logistics assets located in infill and key distribution markets.

GLP Capital Partners IV was backed by a diverse group of domestic and international institutional investors, including public and corporate pensions, sovereign wealth funds, insurance companies, asset management firms, endowments and family offices.

Kirkland & Ellis advised GLP on the fundraise.