CPPIB backs GLP Japan logistics fund
Canada Pension Plan Investment Board (CPPIB) has committed JPY25 billion ($235 million) to a fund managed by PE-owned warehouse operator GLP that is said to be the largest open-ended logistics vehicle in Japan.
GLP Japan Income Fund was seeded last month with 11 newly developed modern logistics assets in the Tokyo and Osaka areas, giving the vehicle JPY280 billion in assets under management. Most of the LPs are...
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