GLP launches new China income fund via $5b portfolio recap

GLP launches new China income fund via $5b portfolio recap

Logistics real estate investor GLP has announced the establishment of a new China income fund, GLP China Income Partners V (GLP CIP V), through a $5-billion recapitalisation of its 2013 fund portfolio.

The recapitalisation marks the full exit of GLP in the 2013 GLP China Logistics Fund I (GLP CLF I), its flagship USD-denominated, develop-to-core logistics strategy formed with $1.5 billion of capital commitments.

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