SINGAPORE (March 29): Global Logistic Properties said it has clinched another “committed” co-investor who has made its initial capital contribution of US$79 million ($110 million) or a 24.2% stake in Harvest Logistics Holdings, otherwise known as the GLP US Income Partners III fund.

As previously announced, US$620 million of equity has already been committed to the fund by the company, through New Harvest Holdings, LLC, an indirect wholly-owned subsidiary of GLP and a limited partner of the fund as well as six institutional investors.

Meanwhile, capital contributions corresponding to 25.9% of the aggregate capital contribution to the fund have been made by three of the co-investors so far.

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