GLP raises $1.05bn for sixth China Income Fund

The Singapore-based global investment manager held a final close on its sixth China income fund.

Fund: GLP China Income Fund VI
Amount raised: 7.6 billion yuan
Stage of fundraising: Final close
Final close date: November 2022

GLP has announced the final close on its GLP China Income Fund VI on 7.6 billion yuan ($1.05 billion, €1.06 billion). Following on from its predecessor funds, capital raised for the fund will be invested with a core-plus strategy, focused on stabilized and income-generating industrial and logistics park assets that cater to growing high-tech and innovation-based manufacturing industries in China.

Investors in the fund include domestic insurance companies and the firm’s previously existing institutional investment partners.