GLP and Xiamen C&D jointly launch GLP-C&D Investment Fund

Xiamen, 10 September 2020 – GLP and China industrial investment firm Xiamen C&D have launched a private equity fund-of-funds (FOF) vehicle with RMB5 billion ($731 million) raised in its first closing. The China onshore FOF will focus on investment opportunities within the logistics and supply chain sectors, targeting both upstream production and downstream consumption as well as technological innovations, and has the potential to grow up to RMB7.5 – 10 billion ($1.2 – 1.5 billion) in the next several years.

The partnership will tap on GLP and Xiamen C&D’s strong industry expertise and resources to identify, invest in and support the next generation of businesses and technologies to drive the future of the modern logistics ecosystem in China.

Read more: https://mp.weixin.qq.com/s/32c0_87gfjg8qM8fp81b5Q