Chinese logistics investment and fund management platform Gaolu Group has recently secured $150 million in a funding round led by Singapore-based private credit investor Orion Capital Asia.
The investment will help drive Gaolu’s growth as well as open up opportunities for global collaboration in the future, according to a company release.
The news comes over four months after Gaolu Group merged with Greater China-focused logistics investment and management platform Black Kite Property in October 2024. The merger will create a combined platform that will operate under Gaolu for all mainland China business, while future offshore businesses will operate under the Black Kite Brand, per the release.
Founded by Hillhouse Investment in 2021, Gaolu operates as a logistics and industrial investment, asset, and fund management platform in China. The firm managed over $2.2 billion in assets as of Q1 2024, while the gross floor area of assets managed by the firm hit 2.8 million square metres (30.1 million square feet).
With an office in Shanghai, Gaolu previously closed its inaugural RMB fund of almost 3.5 billion yuan ($490.4 million) to acquire multiple income-generating logistics and industrial assets located in China’s Yangtze River Delta, with a gross floor area of 650,000 square metres (nearly 7 million square feet).
