GLP pulls in $5.4bn for its second Japan fund

Firm attracts 20 big investors with plan to buy advanced logistics facilities

GLP has added approximately $15 billion of new assets under management globally over the past 12 months. (Photo courtesy of the company)

NGUYEN THI BICH NGOC, DealStreetAsia

January 10, 2021 10:04 JST

HANOI -- Logistics real estate investor GLP has held a second close for its GLP Japan Income Fund (GLP JIF), reaching 560 billion yen ($5.4 billion), according to an announcement on Friday.

GLP JIF, Japan's largest private open-ended logistics real estate income fund, attracted more than 20 international and domestic limited partners to invest alongside GLP in this round.