Singapore-based fund manager announces final close for GLP China Income Fund VII on 5.4 billion yuan to invest in e-commerce, logistics and retail in China.
The private markets division of asset manager Schroders plans to make repurposing town centers a key component of its investment strategy.
The fund has attracted investors including APG for opportunities arising from China's deleveraging environment and cold storage facilities.
The investment firm announced a final close for its self-storage fund.
The firm, a unit of Neuberger Berman, has acquired a minority ownership interest in the Austin-based alternative real estate manager.
The Toronto-based firm’s BSREP IV is only the third mega-fund and the first vehicle to close above $10bn this year.
The firm has announced two yuan-denominated funds.
The New York-based manager began investing in the property type in December 2021.
The Singapore-based global investment manager held a final close on its sixth China income fund.
London-based Matter, which launched the capital raise in H2 2022, has already gathered more capital for the vehicle than for its first fund.