Gaw Capital (Chinese: 基滙資本) is a real estate private equity fund management firm headquartered in Hong Kong.
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![]() Headquarters in Causeway Bay, Hong Kong | |
Native name | 基滙資本 |
---|---|
Company type | Private |
Industry | Private equity real estate |
Founded | 2005[1][2] |
Founders | Goodwin Gaw[1][2] Kenneth Gaw[1][2] |
Headquarters | Hong Kong[1][2] |
AUM | US$33.6 billion (Q3 2022)[3] |
Website | www |
Footnotes / references [4] |
In 2022, the firm was ranked by PERE (under Private Equity International) as the 11th largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.[5]
Background
Gaw Capital was founded in 2005 by Goodwin Gaw and his brother Kenneth Gaw.[1][2] Their father was Anthony Gaw, the founder of Pioneer Global Group, a listed Hong Kong real estate development company.[1][2]
The firm's investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.[6] In recent years the firm has also invested in Property technology companies such as Beike, SensorFlow and Ziroom.[7][8]
Gaw Capital is headquartered in Hong Kong with offices in London, Shanghai, Singapore, Seoul, Tokyo, Los Angeles, San Francisco and Seattle.[9][10]
Previous investments have included Ambassador East,[11] Cityplaza,[12] Columbia Center,[13] InterContinental Hong Kong,[14] Lloyd's building,[15] Novotel Nathan Road Kowloon Hong Kong,[16] Paddington Waterside,[17] Ovation Hollywood,[18] People's Place[19] and The Standard High Line hotel.[20][21]
Funds
Fund[22] | Vintage Year | Fund Size ($m) |
---|---|---|
Gateway China Fund I | 2005 | 200 |
Gateway Capital Real Estate Fund II | 2007 | 800 |
Gateway Real Estate Fund III | 2010 | 420 |
Gateway Real Estate IV | 2013 | 1,000 |
Vietnam Fund | 2015 | 69.8 |
Gaw Hospitality Fund I | 2016 | 151.3 |
Gateway Real Estate Fund V | 2017 | 1,300 |
Gaw Capital European Hospitality Fund I | 2018 | 224.4 |
Gateway Real Estate Fund VI | 2019 | 2,200 |
Gaw Growth Equity Fund I[7][8] | 2020 | 430 |
Gateway Real Estate Fund VII[23] | 2023 | 3,000 |
Controversies
Email fraud
In December 2017, Gaw Capital transferred HK$39 million ($5 million) from a client's bank account to the bank account of a fraudster.[24] The fraudster posed as a client and sent instructions to the firm for the withdrawal of funds.[24] The firm discovered what had happened after the actual client contacted it.[24] A spokesperson for Gaw Capital stated the bank account in question was frozen and most of the funds transferred were retrieved.[24]
Lawsuit over The Standard High Line hotel
In November 2017, Gaw Capital acquired The Standard High Line hotel in New York for $323 million.[20] In November 2021, Wells Fargo and Apollo Global Management sued Gaw Capital in attempt to foreclose the hotel after the firm failed to make payments on a $170 million loan since May 2020.[21][25] Gaw Capital stated that the fault lied with Apollo Global Management who refused to accept the firm's settlement offer and put financial greed above all the other parties.[21][25]
References
External links
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