Hong Kong-based real estate private equity firm Gaw Capital Partners announced on Wednesday that it has closed two investment vehicles with $900 million in total capital commitments.
The first vehicle will focus primarily on real estate opportunities across sectors and markets in Asia, said Gaw Capital in a statement.
The second vehicle will invest in education platforms in major Asian cities “with strong structural tailwinds supporting growth in demand for premium international or bilingual education,” said the company. It will look to partner with top-tier school operators through greenfield or brownfield development, and through the acquisition of properties.
Greenfield investing is a company build its own facilities from the ground up, while brownfield investment happens it purchases or leases an existing facility.
Stellart International School of Arts (SISA) is the first education platform project for the education mandate. Located in southern Guangzhou and developed by Gaw Capital, SISA mainly provides education services that focus on creative art and design.
In December 2019, Gaw Capital announced the final closing of Gateway Real Estate Fund VI at the hard cap of $2.2 billion, making it the firm’s largest vehicle to date. The fund plans to follow a similar opportunistic investment strategy as its predecessor Gateway funds, targeting real estate assets in Greater China, Japan, Vietnam, South Korea, Singapore, Southeast Asia, and Australia.
“Investor demand for education and other value-add and opportunistic opportunities in Asia reinforces our belief that such investments will play an increasingly important role in real estate portfolios moving forward,” said Christina Gaw, managing principal and head of capital markets, in the statement.
Gaw Capital has raised equity of $15 billion since its inception in 2005 and commanded assets of $25.8 billion under management as of Q1 2020. The company is a private equity fund management company that focuses on real estate markets in Greater China and other high barrier-to-entry markets globally.
The company has raised six commingled funds targeting the Greater China and APAC regions. It also manages opportunistic funds in Vietnam and the US, a Pan-Asia hospitality fund, a European hospitality fund and also provides services for separate account direct investments globally.