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GLP raises 311 billion yen for biggest Japan-focused private real estate fund

When fully deployed, GLP Japan Development Partners IV is expected to exceed 1 trillion yen in assets under management

Fiona Lam

Published Wed, Oct 20, 2021 · 05:50 AM

Singapore

GLOBAL investment manager GLP has raised 311 billion yen (S$3.67 billion) for the largest Japan-focused private real estate fund to date. It is targeting 412 billion yen in total equity commitments, GLP announced in a statement on Tuesday (Oct 19).

When fully deployed, the fund, GLP Japan Development Partners IV (GLP JDP IV), is expected to exceed 1 trillion yen (S$11.79 billion) in assets under management.