GLP Capital Partners (“GCP”), a leading global alternative asset manager, today announced the close of China Income Fund XIII (“CIF XIII”) with RMB 2.8 billion of assets under management (“AUM”) in partnership with a leading global institutional investor.
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The fund is seeded with several logistics and business park assets from GLP’s balance sheet. The seed assets are located in strategic logistics and R&D clusters across the Greater Bay Area, the Yangtze River Delta and the Mid-Western Region and serve customers in the third-party logistics, e-commerce, clean energy, pharmaceuticals, technology and high-end manufacturing industries.
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“The successful closing of our newest fund marks continued demand by investors for core income-generating properties oriented to new economy sectors. China remains one of GLP’s highest conviction markets and we remain positive on its long-term growth prospects, driven by a large domestic consumption base and supportive government policies. We are excited about the significant growth opportunities we see and will focus on building and scaling our platforms across our core logistics, digital infrastructure and renewable energy sectors,” said Teresa Zhuge, Executive Vice Chairman and Chairman of the Executive Committee of GLP China.
GLP’s vertically integrated business model combines development, value-add asset management and operational capabilities, as well as capital raising. As of September 30, 2024, GLP manages approximately US$79 billion AUM in China, working with a global and diverse set of over 110 institutional private capital partners.
About GLP Capital Partners
GLP Capital Partners (“GCP”) is a leading global alternative asset manager that focuses on thematic investing across real assets and private equity. GCP has a strong history of leadership in high-growth Asian markets and a track record of success at scale in the US, Europe and Brazil. GLP Capital Partners is the exclusive investment and asset manager of GLP Pte Ltd.
