Capital Partners (GCP) has closed on about RMB1.75bn (鈧�228m) of fresh capital from a global institutional investor to invest in its China value-added strategies.
When fully leveraged, the capital will be deployed in a pre-identified portfolio of GLP-developed logistics assets valued at approximately RMB3.5bn.
The 420,000sqm seed portfolio comprises four, income-generating logistics industrial parks located in Beijing, Shanghai and the Greater Bay Area.
鈥淭his offshore fundraise expands our value-add series in China and serves as a complement to our onshore RMB income strategies which continue to grow alongside strong investor interest,鈥� said Teresa Zhuge, executive vice chairman and president of China at GLP Capital Partners.
鈥淲e are excited to continue partnering with new and returning LPs who appreciate our long-term track records of disciplined performance across market cycles.鈥�
Collectively, GCP manages around US$58bn (鈧�55bn) assets under management in China for a global and diverse set of over 90 institutional private capital partners including more than 60 domestic institutional investors.
In the year to date, the company has raised some US$2bn of capital for its China onshore and offshore strategies across real assets and private equity.
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