Gaw Capital
| Company type | Private |
|---|---|
| Industry | Real estate fund management, private equity |
| Predecessor | Pioneer Global Group (founder's family connection) |
| Founded | 2005 |
| Founder | Goodwin Gaw, Kenneth Gaw |
| Headquarters | Hong Kong , Hong Kong |
Area served | Worldwide (including London, Shanghai, Singapore, Seoul, Tokyo, Los Angeles, San Francisco, Seattle) |
Key people | Goodwin Gaw, Kenneth Gaw |
| Products | Real estate investment funds, property technology investments |
| Website | gawcapital |
Gaw Capital () is a private equity firm specializing in real estate fund management, headquartered in Hong Kong.
According to PERE's 2022 rankings, Gaw Capital was positioned as the 11th largest Private Equity Real Estate company worldwide, based on fundraising totals accumulated over the preceding five years.
Background
Established in 2005 by brothers Goodwin Gaw and Kenneth Gaw, the company traces its roots to their father, Anthony Gaw, who founded Pioneer Global Group, a publicly traded real estate developer in Hong Kong.
The firm's investment portfolio spans a variety of property types, including residential projects, office buildings, retail centers, serviced apartments, hotels, logistics facilities, and IDC developments. More recently, it has broadened its scope to include investments in property technology enterprises like Beike, SensorFlow, and Ziroom.
While its main office is located in Hong Kong, Gaw Capital maintains additional branches in London, Shanghai, Singapore, Seoul, Tokyo, Los Angeles, San Francisco, and Seattle.
Among its significant past acquisitions are Ambassador East, Cityplaza, Columbia Center, InterContinental Hong Kong, London's Lloyd's building, Novotel Nathan Road Kowloon Hong Kong, Paddington Waterside, Ovation Hollywood, People's Place shopping malls, and The Standard High Line hotel situated in Manhattan.
Funds
| Fund | 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 | 2020 | 430 |
| Gateway Real Estate Fund VII | 2023 | 3,000 |
Email fraud
In December 2017, an incident occurred where Gaw Capital inadvertently transferred HK$39 million (approximately $5 million) from a client's account to an individual impersonating that client. The fraud was detected after the legitimate client notified the firm. Following swift action to freeze the fraudulent account, the majority of the funds were recovered.
Legal dispute regarding The Standard High Line hotel
Gaw Capital acquired The Standard High Line hotel in New York for $323 million in November 2017. By November 2021, Wells Fargo and Apollo Global Management initiated foreclosure proceedings due to missed payments on a $170 million loan dating back to May 2020. Gaw Capital attributed the conflict to Apollo declining a proposed settlement and accused them of prioritizing profit over cooperative resolution.
External links
- https://www.gawcapital.com/ (Official Website)