GLP Japan Income Fund (GLP JIF), the largest private open-ended logistics fund in Japan, collected an additional JPY 22.2 billion ($200 million) from 18 investors during the first half of 2021, bringing the total amount raised to more than JPY 300 billion ($2.7 billion).
This more than doubles the size of the fund from a year ago.
GLP JIF opened to investors in August 2020, and the fund has been backed by more than 50 international and domestic pension funds, sovereign wealth funds, insurance companies and other institutional asset managers, to date.
The vehicle will invest in high-quality and well-designed properties in Japan.
GLP also said it has closed on more than $1.8 billion in capital commitments for its private logistics real estate income strategies in Japan in recent months.
In other news, the GLP Japan Income Partners I (GLP JIP I), GLP’s first Japan value-add fund, has been restructured into a new long-term core vehicle. GLP JIP I was
