“We are pleased to complete another successful fundraise for our onshore income fund strategy, in line with our asset-light strategy of growing funds under management. Institutional investors continue to appreciate the resilience of China’s logistics sector in China as well as the quality of GLP’s assets and we look forward to continuing to create value for our investors over the long term,” says Teresa Zhuge, chairman of the executive committee of GLP China.
GLP announced on Sept 15 the close of GLP China Income Fund XIV (CIF XIV) with nearly RMB2 billion of assets under management in partnership with a leading global institutional investor.
The onshore RMB fund is seeded with five stabilised income-generating logistics and industrial assets from GLP’s balance sheet and serve domestic consumption-focused customers in third-party logistics, e-commerce and automobile-related industries.
