GLP raises $847m for fourth China Income Fund

The Singapore-based global investment manager has already raised three funds in the same series this year.

Fund: GLP China Income Fund IV
Amount raised: 5.4 billion yuan
Stage of fundraising: Final close
Predecessor fund: GLP China Income Fund III (4.5 billion yuan)

GLP has announced the final close on its GLP China Income Fund IV on 5.4 billion yuan ($847 million; €748 million). Following on from its predecessor funds, capital raised for the fund will be invested with a core-plus strategy, focused on stabilised and income-generating industrial and logistics park assets that cater to growing high-tech and innovation-based manufacturing industries in China.