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GLP raises $692m

The Singapore-based global investment manager has raised more capital for the China Income Fund series just three months after the close on its previous vehicle.

Fund: GLP China Income Fund III
Amount raised: 4.5 billion yuan
Stage of fundraising: Final close
Predecessor fund: GLP China Income Fund II (5.8 billion yuan)

GLP has announced the final close on its GLP China Income Fund III on 4.5 billion yuan ($692 million; €585 million). Capital raised for the fund will be invested with a core-plus strategy, focused on stabilised and income-generating industrial and logistics park assets catering to growing high-tech and innovation-based manufacturing industries in China.