GLP raises $2.75bn

The Singapore-based global investment manager has raised its largest ever Japan-focused logistics private real estate fund.

Fund: GLP Japan Development Partners IV
Amount raised: ¥311 billion
Target: ¥412 billion
Stage of fundraising: First close
Predecessor fund: GLP Japan Development Partners III (¥250 billion)

GLP has announced the first close on its GLP Japan Development Partners IV on ¥311 billion ($2.75 billion; €2.36 billion). With a ¥412 billion target, the fund will follow its predecessors to invest in logistics facilities in Japan.