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GLP raises $1.75b in first closing
Fundraising - SEPTEMBER 22, 2021

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GLP raises $1.75b in first closing

by Kali Persall

GLP has completed a $1.75 billion first close for its GLP China Logistics Fund III (GLP CLF III), the third vintage of the firm’s flagship discretionary commingled logistics development fund series.

Targeting $2 billion of total equity commitments, GLP CLF III will seek to develop the next generation of modern and environmentally friendly logistics facilities in China, including smart warehouses with integrated technologies.

The investor base consists of leading institutional investment partners across North America, Asia, Europe and the Middle East, the majority of whom are existing GLP investors. Backed by this capital, GLP CLF III is expected to reach as much as $5 billion of assets under management when fully deployed.

“GLP CLF III is indicative of the continued investor appetite for modern logistics in China,” said Teresa Zhuge, executive vice chairman of GLP China. “The scale which GLP operates enables us to deploy capital efficiently to build a re

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