Singapore-based alternative fund manager GLP Capital Partners has launched a new fund focused on the Chinese manufacturing sector.
The GCP China Advanced Research Manufacturing (ARM) Value-Add Partners fund will offer an initial investment capacity exceeding US$350 million.
It will target its investment in industrial parks with an ARM capability within China’s core economic hubs. The fund’s first acquisition from its parent will be an industrial park located in Beijing that was developed and managed by GLP.
China’s equity market has seen large outflows over the last 12 months due to the country’s economic slowdown as well as political tension with the US and other countries.
And while China has, in previous years, been responsible for around 30% of global manufacturing, it has shifted its focus to high-tech manufacturing in recent years.
“High-tech manufacturing remains a bright spot and we continue to believe in the long-term fundamental demand for this sector as the transformation and upgrading of traditional industries continues to accelerate,” said Tim Wang, co-president of logistics and industrial real estate, GCP China.
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