GLP Capital Partners (GCP), an asset management arm of the eponymous logistics real estate giant, has acquired M3 Capital Partners (M3CP), a London-based advisory firm with expertise in real asset and private equity.
The real estate-focused private equity advisor will continue to operate as M3CP and offer capital advisory services to GCP and other real asset companies and fund managers from its global offices across London, Beijing, and Hong Kong, according to a company statement.
To date, M3CP has advised transactions of over $150 billion in total capitalisation since its setup in 1991.
“This transaction represents a natural next step in our decades-long, successful fund management and fundraising relationship with M3CP” said Alan Yang, CEO of GCP.
“M3CP’s reputation, expertise, and success in raising capital will enhance our investor relationships and more closely align our capabilities as a dedicated global alternative asset manager with all our stakeholders.”
“We are excited to formally join forces with Alan and his team and contribute to GCP’s continued growth across its core ‘new economy’ sectors in logistics, data centres and renewables,” said Danny Krefman, CEO of M3CP.
GCP most recently established itself as a separate entity of GLP and rebranded itself as a pure-play global alternative asset management to focus on real assets and private equity last February. With around $125 billion in assets under management across 52 funds, GCP is currently the largest Asia-based fund manager for real estate and the world’s fourth largest.