To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionLACERS commits $40m to GLP Capital Partners IV
The Los Angeles City Employees Retirement System (LACERS) has approved a $40 million commitment to GLP Capital Partners IV, managed by GLP Capital Partners.
GLP Capital Partners IV opened to investors in June 2020 and is believed to be targeting $2 billion in equity commitments. The value-add fund will invest in industrial and logistics assets in the United States.
GLP has invested more than $6 billion of equity in logistics real estate in the United States, and the firm has executed more than $50 billion of logistics real estate transactions globally.
