CPP allocates to Brazilian logistics fund

The C$497 billion ($397 billion) Canada Pension Plan Investment Board allocated $210 million to GLP, in closing one of the largest ever logistics-focused funds in Latin America.

The investment was in GLP Brazil Development Partners II (GLP BDP II), which closed at BRL 2.63 billion ($530 million) in equity investments. Other investors included Abu Dhabi Investment Authority. The fund itself is expected to close at $1.1 billion in AUM when fully leveraged and invested.

“Logistics is emerging as a top performing real estate sector in Brazil, given the acceleration of e . . .

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