GLP BDP II is one of the largest ever logistics-focused funds in Latin America and will develop nine Class-A logistics parks in prime São Paulo submarkets
GLP today announced the closing of one of the largest ever logistics-focused funds in Latin America, GLP Brazil Development Partners II (“GLP BDP II”) with BRL 2.63 billion (US$530 million1) of total equity commitments. GLP BDP II’s investors are wholly owned subsidiaries of the Abu Dhabi Investment Authority (“ADIA”) and Canada Pension Plan Investment Board (“CPP Investments”), with CPP Investments allocating BRL 1.04 billion (US$210 million) of equity, representing a 39.6% interest. GLP BDP II is expected to reach BRL 5.2 billion (US$1.1 billion) in assets under management (“AUM”) when fully leveraged and invested.
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