GLP Pte. Ltd., the Singapore-based global real estate logistics developer and investment manager, on Wednesday announced a final close for its GLP Japan Development Partners IV fund at ¥412 billion ($3.57 billion).
In October, the C$541.5 billion ($425.4 billion) Canada Pension Plan Investment Board, Toronto, announced it had committed ¥110 billion to the fund.
GLP Japan Development Partners IV was the company’s second hefty Japan-focused fund to close over the past 18 months, following a ¥300 billion core fund, the GLP Japan Income Fund, in August 2020. With the latest commitments, the company manages over $30 billion in Japan logistics strategies across five private funds and a listed J-REIT.
Read more/Source: Pensions & Investments
