GLP, a company specializing in global logistics, digital infrastructure, and renewable energy, has announced that it secured a $1.5 billion investment from a subsidiary of the Abu Dhabi Investment Authority (ADIA) to support its next growth phase.
The agreement includes an initial capital injection of $500 million. Both companies stated in a joint statement that the funds will be used to enhance GLP’s presence in logistics, digital infrastructure, and renewable energy, with its headquarters in Singapore.
According to an insider, the remaining capital will be invested within the coming months.
It’s noteworthy that GLP operates globally, with a presence in Brazil, China, Europe, India, Japan, the United States, and Vietnam, managing assets worth approximately $80 billion through its asset management division, GLP Capital Partners.
There has been a marked increase in investments in data centers, particularly driven by strong growth potential and robust demand for artificial intelligence services.
Previously, the Abu Dhabi Investment Authority has invested in GLP’s funds.