Hong Kong-based private equity firm Gaw Capital Partners has held a $1.025bn final close for its fourth China real estate fund on its hard cap.
The fund, the largest ever raised by Gaw, will target real estate assets which have “favourable risk-return profiles” in the Greater China and Asia Pacific region.
About 80 per cent of the fund will target ‘gateway’ cities in Greater China such as Beijing, Shanghai and Hong Kong.
The firm brought its assets under management to more than $7bn through the latest fund close, and is also targeting up to $500m for a US commercial real estate vehicle.
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