GLP Capital Partners mops up $1.4b for its China Income Fund XII

GLP Capital Partners mops up $1.4b for its China Income Fund XII

GLP Jiangmen Heshan Logistics Park in Jiangmen City, Guangdong Province, China. Photo from GLP China

Asset manager GLP Capital Partners said on Monday it had partnered with a global institutional investor in raising 10 billion Chinese yuan ($1.4 billion) for its China Income Fund XII, which would own 25 logistics and business parks in China.