April 12, 2017, Hong Kong<\/b> – Real estate private equity firm Gaw Capital Partners announced the final close of its fifth Greater China \/ Asia Pacific real estate fund, Gateway Real Estate Fund V, bringing total equity raised for the fund to its hard cap size of US$ 1.3 billion – Gaw Capital Partners’ largest fund to date. In addition to the US$ 1.3 billion raised, the firm secured a sidecar co-investment commitment of up to US$ 500 million.<\/p>\n
Following a similar opportunistic investment strategy as its predecessor<\/p>\n
Gateway funds, Fund V will target real estate assets with favorable risk-return<\/p>\n
profiles mainly in Greater China and with selected exposure in Japan, South<\/p>\n
Korea, Southeast Asia and Australia. In addition to the primary gateway cities<\/p>\n
of Beijing, Shanghai, Guangzhou, Hong Kong, Macau and Taipei, the fund will<\/p>\n
also look at secondary cities in China which, demonstrate strong economic<\/p>\n
fundamentals and long-term real estate demand, such as cities in Jiangsu<\/p>\n
province.<\/p>\n
Christina Gaw, Managing Principal and Head of Capital Markets, commented, \u201cI<\/p>\n
am delighted to announce the closing of our biggest fund to date in the<\/p>\n
successful flagship Gateway China Funds series, which aims to build a<\/p>\n
diversified portfolio of assets in Asia Pacific. The current fundraise is<\/p>\n
testimony to our solid track record of delivering satisfying returns to our<\/p>\n
investors, our expertise in opportunistic real estate investment in this region<\/p>\n
and our strong team of in-house asset management capabilities.\u201d<\/p>\n
Investors in Fund V include sovereign wealth funds, endowments, pension<\/p>\n
funds and other top-tier institutional investors who have invested in the<\/p>\n
previous Gateway China Funds, as well as new investors to the fund. Out of the<\/p>\n
global institutional investors for Fund V, 46% come from Asia, 34% from North<\/p>\n
America and 20% from Europe.<\/p>\n
Kenneth Gaw, Managing Principal and President of Gaw Capital Partners,<\/p>\n
said, \u201cFund V will capitalize on the high entry barrier and restrained<\/p>\n
liquidity in its target markets in Asia Pacific. We believe opportunities exist<\/p>\n
in the region to acquire large and partially or fully completed investment<\/p>\n
grade assets from over-leveraged investors at<\/p>\n
attractive valuations. And we are confident that our in-house operating<\/p>\n
platforms offer a significant competitive advantage over local market<\/p>\n
participants.\u201d<\/p>\n
The specific strategy for each target market will be developed based on<\/p>\n
local economic, demographic and market conditions. In order to have the<\/p>\n
flexibility to adapt its strategy to changing trends in a given target market,<\/p>\n
Gateway Fund V is not limited to a particular real estate asset class in any<\/p>\n
market where it is permitted to invest.<\/p>\n
Gateway Real Estate Fund V has made several investments to date out of the<\/p>\n
commitments from its previous closings, ranging from logistics platforms in Sydney<\/p>\n
and Melbourne; an office property to be converted into student accommodation in<\/p>\n
Perth; a luxury residential building in Singapore; an office building in<\/p>\n
Yokohama; a residential project in Seoul; and a network of co-working spaces<\/p>\n
targeting Shanghai, Beijing, Hong Kong and other key cities in Asia.<\/p>\n
In addition to Gaw Capital Partners\u2019 five funds in the Gateway Fund series<\/p>\n
targeting Asia Pacific, Gaw Capital Partners also manages opportunistic funds<\/p>\n
in Vietnam and the US along with a hospitality fund targeting the Pan Asia<\/p>\n
region. Additionally, Gaw Capital also provides services for separate account<\/p>\n
direct investments in the global markets.<\/p>\n
Since 2005, Gaw Capital Partners has raised equity of USD$ 7.5 billion and<\/p>\n
currently has USD$ 12 billion of assets under management.<\/p>\n","protected":false},"excerpt":{"rendered":"
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