Global logistics developer and investor GLP has secured up to $1.5 billion in investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), marking the sovereign wealth fund’s first direct stake in the company. The deal, announced on Thursday, signals a new phase of growth for Singapore-headquartered GLP.
The initial tranche of the investment amounts to $500 million, which will be deployed to expand GLP’s footprint across logistics, digital infrastructure, and renewable energy sectors. Additional capital from the total commitment will be invested over the coming months, according to sources familiar with the matter.
This strategic investment arrives at a time when demand for logistics and digital infrastructure is rapidly rising, particularly fueled by the surge in data center investments. With the growth of artificial intelligence services and cloud computing, data centers have become a key driver for technology and infrastructure firms.
GLP operates across multiple sectors, including logistics real estate, data centers, and renewable energy, with operations spanning Brazil, China, Europe, India, Japan, the U.S., and Vietnam. Its asset management arm, GLP Capital Partners, oversees approximately $80 billion in assets globally.
While ADIA has previously invested in GLP-managed funds, this marks the first time the UAE’s largest sovereign wealth fund will directly hold shares in the company. The investment reflects growing confidence in GLP’s ability to capitalize on global demand for logistics and digital infrastructure solutions.
Earlier this week, GLP secured 2.5 billion yuan (about $350 million) from Zhejiang government-backed investors to support the expansion of its China data center operations. In May, the company reported a 43% increase in annual data center revenue, which reached $193 million.
GLP has also been preparing for a potential listing in Hong Kong, a process first reported in 2024. While the company continues to aim for a Hong Kong listing, sources indicate it will not occur this year. GLP has declined to comment on its listing plans.
GLP’s journey over the past decade has been marked by significant strategic moves. In 2017, a Chinese private equity consortium, including Hopu Investment Management and Hillhouse Investment, supported by GLP’s CEO Ming Mei, took the Singapore-listed firm private for $12.47 billion. More recently, in October, GLP sold the international business of GLP Capital Partners to Ares Management Corp for $3.7 billion, receiving approximately $1.8 billion in cash, with the remainder paid in shares.
The ADIA investment is expected to accelerate GLP’s growth ambitions in logistics, renewable energy, and digital infrastructure, while positioning the company to benefit from increasing global demand for data-driven services. With its robust portfolio and expansion plans, GLP continues to strengthen its presence as a leading developer and investor in the logistics and tech-enabled infrastructure space.
