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Gaw Capital Partners completes final close of US$3 bil Asia Pacific real estate fund

By Atiqah Mokhtar

/ EdgeProp Singapore |

July 4, 2023 11:06 AM SGT

Christina Gaw, managing principal, global head of capital markets and co-chair of alternative investments at Gaw Capital Partners

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SINGAPORE (EDGEPROP) - Hong Kong-based real estate private equity firm Gaw Capital Partners has announced the final closing of its seventh Asia Pacific (Apac) real estate fund, Gateway Real Estate Fund VII, bringing the total equity raised for the fund to US$3 billion ($4.05 billion).

The fund focuses on real estate opportunities, including office, retail, hospitality, industrial, IDC (internet data centres), life science properties, private credit and thematic platforms across the Apac region, including Greater China, Japan, South Korea, Southeast Asia and India.

Investments the fund has made using commitments from previous closings include the acquisition of a logistics portfolio in Greater Tokyo, the purchase of Hyatt Regency Hotel in Tokyo, the acquisition of an outlet mall in Guangzhou and the purchase of a life science park in Shanghai. The fund has also made real estate-backed private credit investments in Hong Kong and Mainland China.

In a press release, Gaw Capital says investors in the fund include sovereign wealth funds, endowments, pension funds and other institutional investors. Investors include those who had invested in its previous Apac Gateway funds.

The fund’s closing is a testament to investors’ confidence in Gaw Capital, says Christina Gaw, the firm’s managing principal, global head of capital markets and co-chair of alternative investments. She adds while market uncertainties remain, such an environment often offers opportunities. “We remain optimistic about the post-pandemic real estate market and are well-positioned to seize opportunities that arise with dry powder amassed.”

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