China P.E. Firm Raises US$1B For Real-Estate Fund

Oct 31 2013 | 9:32am ET

Hong Kong private-equity firm Gaw Capital Partners has raised its largest-ever fund.

The firm garnered just over US$1 billion in commitments for its Gateway Real Estate Fund IV, which focuses on China and Taiwan, especially what it calls "gateway primary cities" like Beijing, Guangzhou, Hong Kong, Macau, Shanghai and Taipei.

"The success of our fundraising efforts is a vote of great confidence in our successful track record of returns for our investors and in our unique investment strategy," Chairman Goodwin Gaw said.

The fund's investors are relatively evenly divided between Asia, North America and Europe, with a slight bias towards the former.

At least 80% of the new fund will be invested in Greater China, while the balance will be invested elsewhere in Asia. The fund plans to hold its investments for between four and seven years.

Gaw manages at total of US$7.1 billion. Its first fund, raised in 2005, returned more than 27% to investors.


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