With a total of $3 billion in equity, the fund sets its sights on a variety of real estate opportunities across the Asia Pacific region.
The new fund will continue the strategy of its predecessors, focusing on a broad spectrum of real estate types including office spaces, retail, hospitality, industrial, IDC, life science properties, as well as private credit and thematic platforms.
The target geographical areas include Greater China, Japan, South Korea, Southeast Asia, and India.
Christina Gaw, Managing Principal, Global Head of Capital Markets and Co-chair of Alternative Investments at Gaw Capital Partners, expressed her delight at the fund’s closure amid the pandemic and the rapid post-pandemic rate rise.
She cited the achievement as proof of the firm’s resilience in the face of shifting market dynamics, and credited it to the firm’s dedicated team and the continued support from investors.
Gaw noted that despite the market uncertainties, history suggests that these tough times often present the best opportunities. She added that Gaw Capital remains optimistic about the post-pandemic real estate market and is well-positioned to seize opportunities with dry powder amassed.
Investors in Fund VII are a mix of sovereign wealth funds, endowments, pension funds and other top-tier institutional investors, some of whom have invested in the previous APAC Gateway funds.
The fund has already made several investments, including in a logistics portfolio in Greater Tokyo and the Hyatt Regency Hotel in Tokyo, as well as data centers, logistics warehouses, an outlet mall in Guangzhou and a life science park in Shanghai. Furthermore, it has made several real estate-backed private credit investments in Hong Kong and Mainland China.
Gaw Capital Partners, with seven commingled funds targeting the Asia Pacific region, also manages value-add/opportunistic funds in the US, a Pan-Asia Hospitality Fund, a European Hospitality Fund, a Growth Equity Fund, and offers services for credit investments and separate account direct investments globally.
Gaw Capital Partners has raised equity of US$23 billion since 2005 and commands assets of $36 billion under management as of Q1 2023.