GLP Capital Partners closes 2023 with $420m China Income Fund

GLP Capital Partners closes 2023 with $420m China Income Fund

One of the four modern logistics parks under the management of China Income Fund XI (CIF XI). This one is located in Jinan, the capital of eastern China's Shandong Province. Source: GLP Capital Partners

GLP Capital Partners (GCP), the investment and asset management arm of Asian warehouse giant GLP, has closed yet another RMB-denominated China income fund just before the end of the year. The China Income Fund XI (CIF XI) was closed at 3 billion yuan (about $420 million).

Edited by: Joymitra Rai