Hong Kong-based Private equity company Gaw Capital Partners has announced the closing date on its seven Asia Pacific (Apac) real estate investment fund called Gateway Real Estate Fund VII. This brings the total amount of equity raised by the fund to a staggering US$3 billion ($4.05 billion).
The fund concentrates on real estate investment opportunities that include office, retail and industrial properties, as well as hospitality, IDC (internet data centres) and life science properties as well as private credit and thematic platforms throughout the Apac region, which includes Greater China, Japan, South Korea, Southeast Asia and India.
Investments that the fund has made through commitments made in previous closings include the purchase of a logistics portfolio within Greater Tokyo, the purchase of Hyatt Regency Hotel in Tokyo and the purchase of an outlet shopping mall located situated in Guangzhou and the purchase of a scientific park located in Shanghai. The fund also created real investment in private credit that is backed by real estate to Hong Kong and Mainland China.
In the press release, Gaw Capital says investors in the fund comprise endowments, sovereign wealth funds pension funds and others who are institutional investors. Investors include those who have previously invested in the Apac Gateway funds.
The closing of the fund is testimony to the confidence of investors of Gaw Capital, says Christina Gaw who is the firm’s managing principal and head of capital markets worldwide and co-chair of alternative investment. Gaw says that while market uncertainties remain, the current market can also present opportunities. “We remain positive about the post-pandemic real market and we are in a good position to take advantage of opportunities that come up from the dry powder we have amassed.”