Home Hedge Funds GLP spins out fund management arm to create alternatives manager

GLP spins out fund management arm to create alternatives manager


GLP Capital Partners spun off from Singapore-incorporated real estate company GLP and unveiled a new structure as a dedicated alternatives manager focused on real asset and private equity strategies.

The alternatives manager invests and manages third-party capital and is also the exclusive investment manager of GLP on a perpetual and discretionary basis, the firm said in a statement Tuesday. Information on ownership was not immediately available.

GLP Capital Partners, which has $125 billion in assets under management, invests in logistics, datacenters, renewable energy and related technologies such as supply chain companies through its real asset and private equity strategies.

Ming Z. Mei, co-founder and CEO of GLP, has taken up the additional position of executive chairman of GLP Capital Partners. Alan Yang is now CEO of the firm after a stint as CEO of U.S. investment adviser GLP Capital Partners, which has been merged into GLP Capital Partners. He also previously served as chief investment officer of GLP.

A spokeswoman did not immediately respond to queries on who leads the investment strategy of the new GLP Capital Partners entity.

“Our new structure puts us in a position to grow GLP Capital Partners 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 U.S., Brazil and Europe,” Mr. Yang said in the statement.

GLP Capital Partners employs roughly 550 people, including more than 200 investment professionals. It operates in 31 locations across nine countries.

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