GLP Capital Partners launches onshore fund with Chinese insurance provider
GLP Capital Partners 與一家中國保險公司合作推出了一隻 43 億元人民幣的境內收入基金。該基金以核心市場的創收型工業園區資產作為種子，反映了中國製造業對工業園區的需求不斷增長。GLP Capital Partners 一直在為其在該國的物流資產籌集新資本。
(Updates with details and background in paragraphs 2-5)
Dec 4 (Reuters) -
Global venture capital firm GLP Capital Partners has established a new 4.3 billion yuan ($602.87 million) onshore income fund in partnership with a Chinese insurance provider, it said on Monday.
The global asset manager said the fund is seeded with 13 stabilised income-generating industrial park assets, with a total leasable area of more than 970,000 square meters located in core markets, including Shanghai and Kunshan.
“China’s manufacturing push to strengthen industrial and supply chain resilience has accelerated demand for industrial parks amongst advanced manufacturing firms,” said Teresa Zhuge, president of China at GLP Capital Partners.
The company expects this to be a long-term trend as the manufacturing industry continues to develop, Zhuge added.
GLP Capital Partners, which collectively manages about $58 billion of assets in China, has
recently
been raising fresh capital for its modern logistic assets in the country.
($1 = 7.1326 Chinese yuan renminbi)
