Gcp Announces $2.3 Billion Final Closing Of Logistics Property Fund

GLP Capital Partners (“GCP”) announced today the final closing of its North American logistics real estate fund, GLP Capital Partners IV (the “Fund”). At over $2.3 billion in aggregate capital commitments, the Fund exceeded its $2 billion target and is the largest discretionary closed-end fund focused on North American logistics real estate ever raised. It is also one of the largest first-time discretionary real estate funds in history. The Fund is capitalized by a diverse group of prominent domestic and international institutional investors, including public and corporate pensions, sovereign wealth funds, insurance companies, asset management firms, endowments, and family offices.