Singapore-based logistics giant GLP, which paid £2.12bn for UK industrial group Gazeley at the end of 2017, has revealed its first fund investing outside real estate.
The $1.6bn (£1.18bn) Hidden Hill Modern Logistics Private Equity Fund is the only fund in China dedicated to investing in the logistics ecosystem and will be managed by Hidden Hill Capital, the private equity platform of GLP China. Investors in the Fund comprise long-term institutional investors and insurance companies including China Post Capital.
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