News from the investment community on December 16, todayChina supply and Marketing Group, GLP and Guoshou Investment Insurance Asset Management Co., Ltd.Announce that the tripartite strategic cooperation has successfully achieved the first phase of the goal, andThe first phase of supply and marketing GLP modern logistics industry fund(GLP Co-Op Development Fund I, hereinafter referred to as "the first phase of the fund") to complete the fundraising.
The fund series is jointly established and managed by GLP and its joint venture with China supply and Marketing Group, supply and Marketing GLP Modern Industry Private Equity Fund Management Co., Ltd. (hereinafter referred to as "supply and Marketing GLP"). It is committed to the development, construction, holding and operation of modern logistics infrastructure assets in first-and second-tier cities in the Chinese mainland region.The scale of investment in the first phase is nearly 3 billion yuan.。
The assets to be invested in the first phase of the supply and marketing GLP Modern Logistics Industry Fund are seven modern logistics facilities to be developed and built, including cold chains, central kitchens and other assets, located in the hub cities around Beijing, the Greater Bay area and the central and western regions. After the completion of the project, it will enhance the service level of logistics facilities in the region, and form a synergistic effect with GLP and other parks managed by China supply and Marketing Group, work together to build an urban connectivity, safe and efficient logistics network, and promote the development of the logistics industry. to contribute to economic growth.
The main investor in the first phase of the fund is China Life Insurance Company Limited.. As early as 2018, GLP and China Life Insurance Company Limited set up an income value-added fund with a total investment of nearly 20 billion yuan to invest in mature and stable logistics assets with remarkable results. On the basis of previous successes, the two sides will actively explore development-oriented asset investment, strengthen the efforts of insurance funds to serve the key areas of the national economic strategy, and contribute to the upgrading of China's logistics infrastructure industry.
One of the assets to be invested in the first phase of the supply and marketing GLP Modern Logistics Industry Fund is the effect map of the logistics park project in Xinle Economic Development District.
Supply and marketing GLP Modern Logistics Industry Fund is a series of funds, and its successful landing in the first phase is an important milestone in the strategic cooperation between GLP and China supply and Marketing Group, which will help the joint venture companies of both sides to further win the trust of investors and constantly expand their asset network. This is also the first time that GLP has participated in initiating the establishment of an industrial fund, and the total investment scale of the follow-up supply and marketing GLP modern logistics industry fund series is expected to reach 20 billion yuan.
In addition, supply and Marketing GLP was established in April 2020, which is the embodiment of the omni-directional and deep partnership between China supply and Marketing Group and GLP in capital operation and asset management. In line with the country's industrial policy, supply and marketing GLP focuses on investing in transportation hubs, logistics cold chains in economically developed areas, food / medicine-related processing, distribution facilities and other assets, relying on the team's keen industry trend judgment and professional and market-oriented project operation experience to maximize the value-added potential of the project.
Zhuge Wenjing, executive vice chairman of GLP ChinaSaid: "the supply and marketing GLP project has been launched steadily and has won the attention and support of investors, which shows that GLP and China supply and Marketing Group cooperate efficiently, and the joint venture companies of the two sides have realized the strategic advantages originally planned. GLP continues to be optimistic about the broad prospects and rising space of modern logistics infrastructure assets. under the guidance of the strategy of financial support to the real economy, we have joined hands with insurance institutional investors to actively increase logistics, promoting the capital circulation of investment. It is believed that supply and marketing GLP combines the resource network advantages of Chinese supply and marketing groups, as well as GLP's management, operation and scientific and technological capabilities, and will continue to build a professional and strong modern logistics system, serve customers at a high level, and create greater value for investors. "