Fundraising

GLP raises $743m for seventh China Income Fund

Singapore-based fund manager announces final close for GLP China Income Fund VII on 5.4 billion yuan to invest in e-commerce, logistics and retail assets in China.

-

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.