Gaw Capital Partners completes final close of US$3 bil Asia Pacific real estate fund
Gaw Capital Partners, a leading Hong Kong-based real estate private equity firm, has announced the final closing of its seventh Asia Pacific (Apac) real estate fund, Gateway Real Estate Fund VII, bringing the total equity raised to US$3 billion ($4.05 billion). This fund focuses specifically on real estate opportunities in regions including Greater China, Japan, South Korea, Southeast Asia and India. Deemed testament to investor confidence, this fund saw commitments from a variety of sources, including sovereign wealth funds, endowments, pension funds, and other institutional investors – many of whom had invested in their previous Apac Gateway funds.
The proximity also means that an array of leisure choices and lifestyle attractions are all within easy reach, including the Great World City, Robertson Quay, and Clarke Quay. Furthermore, the Havelock MRT Condo development itself will be surrounded by trendy shopping, dining, and entertainment offerings. These features promise a comprehensive urban lifestyle that blends comfort and convenience.
Some of the investments that have been made using commitments from the previous closings include the acquisition of a logistics portfolio in Greater Tokyo, the purchase of Hyatt Regency Hotel in Tokyo, and the acquisition of an outlet mall in Guangzhou. Furthermore, the fund has also made real estate-backed private credit investments in Hong Kong and Mainland China, as well as the purchase of a life science park in Shanghai.
Christina Gaw, the firm’s managing principal, global head of capital markets and co-chair of alternative investments, commented that the fund’s closing is a true testament to investors’ confidence in Gaw Capital. She also added that while market uncertainty persists, such an environment often presents opportunities. “We remain optimistic about the post-pandemic real estate market and are well-positioned to seize opportunities that arise with dry powder amassed.”