HK-based real estate PE Gaw Capital raises $900m across two vehicles

Hong Kong. Source: Ruslan Bardash/Unsplash

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.