Shanghai and Singapore, 6 November 2025 – GLP’s Hidden Hill Capital (“Hidden Hill”), the private equity arm of GLP China, has been ranked as the world’s largest real estate technology fund manager by PERE for the second consecutive year, with a total capital raise of US$2.29 billion for direct proptech investment capital between 1 January 2020 and 31 December 2024.

Higashi Michihiro, Founder and Managing Partner of Hidden Hill Capital, said: “We are honored to receive this global recognition from PERE which underscores the continued trust and support of our investors. With our unique ecosystem approach and backed by GLP’s large asset base, we are at the front lines of real estate technology strategies and share the same commitment to staying ahead of the curve as the entrepreneurs and industry leaders we partner with.”

As at 30 June 2025, Hidden Hill Capital manages over US$4 billion in assets under management across RMB and USD-denominated private equity and venture capital strategies. Its differentiated investment approach connects portfolio companies in proptech, cleantech, robotics and AI into a closed-loop ecosystem, enabling products and solutions to be tested, scaled, and commercialized efficiently.

Across its funds, Hidden Hill has invested in more than 110 companies focusing on modern logistics services, digital supply chain, renewable energy related technologies, including COSCO Shipping, China Southern Airline Logistics, Ouyeel Lianjin, SANY Truck, Farizon, J&T Express, Zongteng Group, G7, Inceptio, Libiao Robotics and SEER Robotics.

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About Hidden Hill Capital 

Established in 2018, Hidden Hill Capital (“Hidden Hill”) is a growth equity manager backed by GLP China. It does minority, significant minority, and strategic equity investments in companies in modern logistics services, digital supply chain, renewable energy related technologies and cross-border opportunities across Asia. It has US$4 billion in assets under management across both RMB and USD private equity strategies and named by Private Equity Real Estate as the largest PropTech manager in 2024 and 2025. For more information, visit hiddenhillcap.com.

About GLP

GLP is a leading global investor, thematic business builder and investment manager, focused on creating scaled platforms within its core sectors of logistics, digital infrastructure and renewable energy. The Group, through its asset management arm GLP Capital Partners, manages US$79 billion of assets under management, as at 30 June 2025 and has a proven track record of incubating and scaling platforms across markets and strategies through development, strategic M&A and partnerships. To learn more about GLP, visit www.glp.com/global. 

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