Fund: GLP China Income Fund VII
Amount raised: 5.4 billion yuan
Stage of fundraising: Final close
Final close date: November 2022 Predecessor fund: GLP China Income Fund VI (7.6 billion yuan)
GLP has announced the final close of its GLP China Income Fund VII on 5.4 billion yuan ($743 million, €713 million). Like its predecessor funds, the fund will invest with a core-plus strategy, focused on the e-commerce, logistics and retail sectors in China.
Investors in the fund include domestic insurance companies as well as new and previously existing institutional investment partners.
The firm also held a final close on its GLP China Income Fund VI earlier this month on 7.6 billion yuan.