GLP Capital Partners of GCP has closed what it says is the largest discretionary closed-end fund focused on North American logistics real estate ever raised.

At over $2.3 billion the fund, GLP Capital Partners IV, exceeded its parent's $2 billion target.

The fund is capitalized by a diverse group of domestic and international institutional investors, including public and corporate pensions, sovereign wealth funds, insurance companies, asset management firms, endowments, and family offices.

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