GLP spins off fund management unit to create alternatives manager

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

The Alternatives Manager invests and manages outside capital and is GLP’s exclusive investment manager on a full-time and discretionary basis, the firm said in a statement Tuesday. Property information was not immediately available.

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

Ming Z. Meico-founder and CEO of GLP, took on the additional position of Executive Chairman of GLP Capital Partners. Alan Young is currently the firm’s CEO after serving as CEO of US investment firm GLP Capital Partners, which was merged into GLP Capital Partners. Previously, he also served as Chief Investment Officer for GLP.

Mr. Yang will lead the global investment strategy and chair the global investment committee.

“Our new structure enables us to transform GLP Capital Partners into one of the only truly global alternative asset managers with a leading presence in Asia and a proven track record in the US, Brazil and Europe,” said Mr. Haley. Yang said in a statement.

GLP Capital Partners employs approximately 550 people, including over 200 investment professionals. It operates in 31 locations in nine countries.

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