|
Laxman Pai, Opalesque Asia: GLP Capital Partners (GCP US), a global investment manager with a focus on modern logistics facilities and logistics-related operating companies, has raised $1.58bn in the final close of its inaugural North American self-storage real estate fund.
The Fund - GCP SecureSpace Property Partners - was oversubscribed, making it the largest self-storage fund ever raised, said a press release from the registered investment adviser with over $5 billion in assets under management.
The Fund secured commitments from a diverse group of limited partners including domestic and international institutional investors, including public and corporate pensions, insurance companies, asset management firms, and family offices, said the release.
GSA Co-Founders and Senior Managing Directors, Paul Brown and Zack Linford said: "Investor support to hit our hard cap in about eight months from the initial closing is really a testament to the quality of our team and affirmation of our strategy to focus on Class A assets in supply-constrained markets."
GCP US is focused on uncovering advantaged opportunities in logistics real estate, self-storage, and related technologies.
According to the company, its self-storage platform, GCP Storage Advisors (GSA), is strategically positioned at the intersection of technology, operations, and capital to create scalable advantages across the investment life cycle. The GSA team has deep self-storage sector investment and ope...................... To view our full article Click here
|
RSS
