GLP raises $2.1bn fund in eight months despite covid-19

Teresa Zhuge, executive vice-chairman of GLP China, talks to PERE about the latest US$2.1 billion GLP China Income Fund I and how the company continues to invest in the automation and digitalisation of the logistics ecosystem.

Global logistics powerhouse GLP has closed its first income fund in China as investors remain positive about the logistics sector amid covid-19 market disruption.PERE understands that GLP took around eight months to complete fundraising for the 15 billion yuan ($2.1 billion; €1.95 billion) GLP China Income Fund I, which was launched in August 2019. The vehicle has commitments from a total of seven domestic institutional investors, the majority of which are understood to be insurance companies. Six of the seven limited partners were first-time investors with the firm.You may view the full article at the following link:  https://www.perenews.com/glp-raises-2-1bn-fund-in-eight-months-despite-covid-19/