What is Lineage?
Headquartered in Novi, Michigan, Lineage operates an expansive network of strategically located facilities that serve as the backbone of the global cold chain. The company provides a suite of essential services, including temperature-controlled warehousing, transportation, port services, and high-pressure processing. By focusing on the intersection of real estate and supply chain technology, Lineage addresses the complex logistical challenges inherent in the food and beverage sector. Its market position is defined by its ability to provide end-to-end solutions that ensure product safety and efficiency, making it an indispensable partner for global food producers and retailers alike.
How much funding has Lineage raised?
Lineage has raised a total of $11B across 12 funding rounds:
Debt
$220M
Debt
$700M
Multiple Rounds
$1.2B
Other Financing Round
$1.9B
Unspecified
$1.7B
Unspecified
$700M
Stock Offering
$4.4B
Other Financing Round
$100M
Stock/Share Issuance
$1.5M
Debt (2013): $220M with participation from Undisclosed
Debt (2018): $700M led by D1 Capital Partners and Stonepeak Partners
Debt (2020): $500M supported by Barclays, KKR, and Credit Suisse
Debt (2020): $300M featuring Credit Suisse
Private Equity (2020): $80M backed by CenterSquare Investment Management LLC
Private Equity (2020): $360M with participation from Oxford Properties Group
Other Financing Round (2021): $1.9B led by OP Trust, CenterSquare Investment Management, Conversation Capital, Cohen & Steers, BentallGreenOak, D1 Capital Partners, MS Tactical Value, and Oxford Properties
Unspecified (2022): $1.7B supported by D1 Capital Partners, Cohen & Steers, CenterSquare Investment Management, and BentallGreenOak
Unspecified (2022): $700M, investors not publicly disclosed
Stock Issuance/Offering (2024): $4.4B, investors not publicly disclosed
Other Financing Round (2024): $100M, investors not publicly disclosed
Stock/Share Issuance (2026): $1.5M, investors not publicly disclosed
Key Investors in Lineage
Cohen & Steers
A leading global investment manager specializing in real assets and alternative income, including real estate, infrastructure, and resource equities.
CenterSquare Investment Management
An independent real asset manager specializing in listed and private real estate, known for its fiduciary approach and responsible investment strategies.
BentallGreenOak
A global real estate investment management firm that combines on-the-ground market presence with sophisticated analytics and sustainability commitments.
What's next for Lineage?
With the recent influx of $1.5M, Lineage is well-positioned to accelerate its strategic initiatives, particularly in the realms of facility automation and digital supply chain optimization. As the company matures, the focus is expected to shift toward enhancing operational resilience and expanding its footprint in emerging markets. The continued support from high-caliber institutional partners suggests a strong confidence in Lineage's ability to navigate the complexities of the global logistics landscape while maintaining its status as a leader in the real estate investment trust sector. Future growth will likely be driven by further technological integration and the pursuit of operational efficiencies that define the next generation of cold chain management.
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