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A total of 28 new investment funds were launched during third quarter 2022, the lowest number of fund launches since second quarter 2012 when 28 funds were launched. The new investment funds are seeking to raise an aggregate of approximately $18.7 billion, down from the previous low second quarter 2022 total of $19.7 billion.
GLP’s GLP China Income Partners V was the largest fund launched in third quarter 2022. GLP China Income Partners V is a $5 billion recapitalization of the portfolio developed within the 2013-vintage GLP China Logistics Fund I. The core-plus fund will focus on logistics properties in China.
The second-largest fund to launch in third quarter 2022 was Madison Realty Capital’s Madison Realty Capital Debt Fund VI, seeking approximately $2.25 billion in fundraising. Fund VI will follow a similar investment strategy as the previou