Dec 17, 2021 02:18 PM

BUSINESS

Singapore’s GLP Launches Logistics Fund With Two Chinese State-Backed Firms

Photo: VCG

Photo: VCG

(DealStreetAsia) — Global logistics real estate investor GLP Pte. Ltd. has partnered with Chinese state-owned insurer China Life and agribusiness player China Co-Op Group to set up a modern logistics industry fund with a debut size of nearly 3 billion yuan ($471 million).

The fund, dubbed GLP Co-Op Development Fund, targets to raise up to 20 billion yuan in capital commitment.

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