Logistics firm GLP has restructured its fund management business to focus on real assets and private equity.
GLP Capital Partners (GLPCP) was formed in 2019 eight years after it launched its legacy fund management business.
As a result of this latest reorganisation, these two organisations will be joined together to form GLP Capital Partners Limited (GCP), a separate entity and a pure play global alternative asset manager.
In addition to managing third-party capital, GCP will also serve as the exclusive asset manager for the parent company.
Ming Z Mei, co-founder and chief executive of GLP, has been appointed as executive chairman of GCP while also continuing in his GLP role.
“Our new structure puts us in a position to grow GCP into one of the only truly global alternative asset managers with both a leading presence in Asia and a track record of scale and success in the US, Brazil and Europe,” said Alan Yang who will serve as chief executive of GCP.
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