GLP, Xiamen C&D set up equity investment fund with $731m in first close

GLP, Xiamen C&D set up equity investment fund with $731m in first close

Photographer: SeongJoon Cho /Bloomberg

GLP has joined hands with China’s state-owned industrial investment firm Xiamen C&D to launch an equity investment fund, which has raised 5 billion yuan ($731 million) in its first closing, the logistics investment specialist announced in a statement on Thursday.